Baku, Finance Time.  “Muganbank” Open Joint Stock Company’s assets have  reached an amount of 313 240,46  thousand manats as of July 1, 2013, which is 25,83 % more in comparison with the respective period of the last year. The Bank’s total capital has amounted to 49804,30 thousand manats versus 36982,88  thousand manats  on the first quarter of the last year.

Furthermore, deposits from population have reached  91946.84 thousand manats. The Bank’s loan portfolio has amounted to 222224,16 thousand manats increasing by 16,26% versus the respective figure of the respective period of the last year.

Muganbank’s income  after tax  for the reported period has increased. Thus, the Bank’s interest income has reached an amount of  14601.35 thousand manats and the non-interest income an amount of 6 551.05 thousand manats.

Muganbank’s liquidity ratio for the reported period is equal to 66,38%.

“Muganbank” OJSC, one of the well-known participants of Azerbaijani financial-banking industry has been functioning since 1992. The bank’s 30 branches and 4 sub-branches in the country, as well as its representative office in Moscow  effectively serve customers with all types of banking services. “Muganbank” OJSC is actively cooperating with international financial institutions among them US Agency for International Development (USAID), European Bank for Reconstruction and Development (EBRD), International Finance Corporation (“WBC”), World Business Capital, Inc. (WBC), Overseas Private Investment Corporation (OPIC), etc.

For the financial reports, please  click on the following link:

http://www.muganbank.az/en/about/financial-reports/