Unibank reduced much its loan portfolio in 2018


June 13, Fineko/abc.az. The dynamics in Unibank’s loan portfolio for 2018 can hardly be called consolatory.

Azerbaijan Banks Association’s report for 2018 says that the credit portfolio of Unibank decreased by 2.8% in the 4th quarter of 2018.

According to the report, there was observed deficit of AZN 10 million in the absolute dynamics of Bank's loan portfolio.

As a whole, last year Bank's loan portfolio decreased by 19.5% to AZN 467.448 million.

Unibank has been operating since 1992 and was originally established under the name of MBank. Subsequently, it merged with PROMTEXBANK. Since 15 October 2002 the name of the Bank has been changed to Unibank.