15:19 - 5.05.2023

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May 5, Fineko/abc.az. ExpressBank’s deposit portfolio decreased by AZN 6.626 million, or 3.43%, compared with the end of last year.

ABC.AZ reports that after this decrease, bank's deposit portfolio fell to AZN 186.48 million.

The main cause of this decline is that legal entities withdraw their deposits in the bank. Thus, bank deposits of entrepreneurs decreased by AZN 6.662 million, or by 15.91%, compared with the last quarter of 2022. As a result of decrease, the deposits of the bank's entrepreneurs decreased to AZN 35.208 million. And in the deposits of individuals, there was a slight increase of AZN 35,000.

The amount of Express Bank's liabilities increased by AZN 25.5 million up to AZN 93.5 million. Thus, bank's liabilities amounted to AZN 320.506 million (AZN 12.685 million more versus the end of 2022).

By Elmir Murad