17:50 - 23.10.2023

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October 23, Fineko/abc.az. Azerbaijan Industrial Bank has published a report for Q3 of 2023.

The bank's assets decreased by AZN 40.114 million compared with the beginning of this year and amounted to AZN 707.507 million, ABC.AZ reports.

For comparison, at the beginning of 2023, bank's assets totaled AZN 747.6 million.

The decline was not only in assets. So, the deposit portfolio has also sharply decreased. At the end of Q3, the AIB deposit portfolio reached AZN 438.776 million, whereas at the beginning of the year this figure was AZN 449.675 million.

According to the report for Q3 of 2023, by the end of the period, deposits of individuals in the AIB decreased by AZN 9.265 million to AZN 301.77 million.

AIB's liabilities to credit organizations and other financial institutions for the past 9 months reduced from AZN 142.325 million to AZN 117.815 million (a rise of AZN 24.5 million).

Bank’s authorized capital at the beginning of this year increased by AZN 3.48 million from AZN 104.713 million to AZN 108.194 million.

AIB's interest income reached AZN 24.447 million, and interest expenses – AZN 12.441 million. The AIB has created target reserves for possible losses in the amount of AZN 124,000.

The total capital of the bank amounted to AZN 110.7 million. According to CBA Board’s decision, the total capital of existing banks should be at least AZN 50 million.