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Azerbaijan : MUGANBANK OJSC assets hit hit 364.67 million AZN.

"Muganbank" Open Joint Stock Company (OJSC) has announced that its assets have hit 364.67 million AZN as of 1st July, 2014, up by 16,4 % as compared to same period a year ago.

The Bank's total capital has reached around 53.796 million AZN.

Moreover, deposits portfolio stands 125.591 million AZN. The Bank's loan portfolio has hit 257 925 million AZN expanding by 16,1% .

Muganbank's revenue for the concerned period has increased. Thus, the Bank's interest revenue amounts to around 19. 487 million AZN and the non-interest income an amount of 8.393 million AZN.

Muganbank's liquidity ratio for the concerned period equals 68%.

One of the reputed participants of Azerbaijani financial-banking industry, "Muganbank" OJSC, started operating in 1992.

The bank's 38 branches and 7 sub-branches in Azerbaijan, as well as its representative office in Moscow effectively caters to customers with all kind of banking products.

"Muganbank" OJSC cooperates with global funding agencies like the Islamic Corporation for the Development of the Private Sector (ICD), the US Agency for International Development (USAID), European Bank for Reconstruction and Development (EBRD), International Finance Corporation ("IFC"), World Business Capital, Inc. (WBC), Overseas Private Investment Corporation (OPIC).

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Publication:Mena Report
Date:Jul 26, 2014
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