Baku, Finance Time. As of October 1, 2013, the volume of the assets of Open Joint-Stock Company “Muganbank” has been brought up to 110,46 thousand manats which are 21,63 % more than that of the respective period of the last year. The total capital of the Bank has amounted to 50747,86thousand manats while it was 39738,42  thousand manats in the third quarter of the last year.

Futhermore, deposits  from population have reached up to 90547.6 thousand manats. The loan portfolio of the Bank has grown 18,39 %  in comparison with the  figure of the respective period of the last year and amounted to 235061,41 thousand manats.

The income after tax  of  “Muganbank” OJSC has increased in the respective period.  Thus,  the interest income of the Bank has been brought up to 22228,24 thousand manats and the non-interest income up to 9 261, 54 thousand manats.

The liquidity ratio of “Muganbank” OJSC for the respective period is equal to 54,23 %.

“Muganbank” OJSC, one of the well-known participants of Azerbaijani financial-banking industry has been functioning since 1992. The bank’s 30 branches and 5 sub-branches in the country, as well as its representative office in Moscow effectively serve customers with all types of banking services. “Muganbank” OJSC actively cooperates with international financial institutions among them 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) and Islamic Corporation for the Development of the Private Sector (ICD).

For the financial statements of the Bank please followhttp://www.muganbank.az/en/about/financial-reports/