Naxchivanbank’s assets lowered over Jan-Jun


July 27, Fineko/abc.az. The only commercial bank of the Nakhchivan Autonomous Republic, Naxchivanbank OJSC, reduced its assets by AZN 22.43 million or 7.5%, for the first 6 months of 2021.

ABC.AZ reports that this is stated in Bank's financial statements as of 1 July 2021.

Bank's assets amounted to AZN 276.15 million for the reported period.

Of the bank's assets, AZN 125.09 million accounted for loans given to customers, while AZN 45.46 million for consumer loans, AZN 67.42 million for business loans, and AZN 12.2 million for real estate loans.

At the end of the half-year Bank's liabilities fell to AZN 181.09 million, of which deposits amounted to AZN 118.76 million.

The deposit portfolio decreased by AZN 23.4 million or by 16.5% over the past 6 months.

The total amount of capital reached AZN 95.06 million, including retained earnings for AZN 11.01 million.