IBA's assets exceed AZN 8 bn


July 29, Fineko/abc.az. As of 30 June 2021 the IBA had assets for AZN 8.856 bn. The Bank published the report for the 1st half of 2021.

ABC.AZ reports that at the end of 2020 the IBA had total assets in the amount of AZN 8.96 bn.

The decrease in assets is mainly linked with decrease in cash in connection with reduction of liabilities on debt securities.

Compared with the end of 2020, in the first 6 months of 2021 IBA’s total deposits increased by AZN 232.747 million up to AZN 5.78 bn, including deposits of legal entities (companies) by AZN 313.39 million and reached AZN 4.57 bn.

And the deposits of individuals (the population) decreased by AZN 80.6 million up to AZN 1.209 bn.