17:03 - 18.04.2022
April 18, Fineko/abc.az. By the end of Q1 of this year, Bank BTB allocated AZN 3.2 million for creation of reserves to cover possible losses on assets.
ABC.AZ reports that as a result, the bank completed the 1st quarter with net loss of AZN 3.295 million. Over Jan-Mar 2021 the bank made profit of AZN 365,000.
By the end of Q1 of 2022 Bank BTB’s assets increased by 6% to AZN 356.8 million.
Of them, AZN 247 million are net loans given to customers. The bank's liabilities amounted to AZN 305 million. In the 1st quarter, demand deposits of the bank's customers almost halved - from AZN 27 million to AZN 15.8 million.
And term deposits increased from AZN 103 million to AZN 130 million. By the end of Q1, bank's capital also decreased from AZN 54 million to AZN 51.6 million. This indicator of Bank BTB approached the minimum demand threshold set by the Central Bank to banks.
