News Column

Zaminbank increased its capital by almost a quarter

January 28, 2014

BAKU /28.01.14/TURAN : The assets of Zaminbank increased in 2013 by 17.5 %, reaching 445.24 million manat. The volume of loans issued to individuals and legal entities grew by 11.3 % and amounted to 263.92 million manat. The total liabilities of the bank increased from 333.9 million to 379.25 million manat. The deposit portfolio decreased by 5.9 % to AZN 95.59 mln , while the term client investments increased by 26.7% to 77.94 million manat. The equity capital reached 65.99 million manat. The total capital increased by 18.5 % to 50.55 million manat and the paid charter capital - by 24.2 % to 46.18 million manat. The bank's earnings equaled 37.76 million manat and its expenditures made up 37.54 million manat, decreasing in comparison with 2012 , respectively 3.4% and 1.2%. The net profit after tax decreased by 79 %, amounting to 221,000 manats. -15B -


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Source: Turan Information Agency (Azerbaijan)


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