ADIF sees 32% growth in profit

As of January 1, 2019, the assets of the Azerbaijan Deposit Insurance Fund (ADIF) stood at AZN 952.342 million, down 3.95% from the previous year, Report informs citing ADIF’s financial statement.

AZN 790.336 million of ADIF’s assets was government bills, up 0.15% in comparison to a year earlier.

Liabilities dropped by 86.3% to AZN 11.705 million, compensation payments slipped 83.8% to AZN 11.693 million, total capital rose by 3.85% to AZN 940.638 million.

ADIF ended 2018 on AZN 104.978 million in profit, up 32% in comparison to a year earlier.