IBA sees 22% rise in assets

IBA sees 22% rise in assets
# 24 October 2014 12:01 (UTC +04:00)

Baku. Musa Ahmadov - APA-Economics. In the third quarter of 2014, the International Bank of Azerbaijan’s assets stood at AZN 8.391 bln, up 21.93% from previous year.

Bank says the loan portfolio rose 24.64% to AZN 6.062 bln, loans given to individuals soared 18.32% to AZN 639.340 mln.

Deposit portfolio increased 16.53% to AZN 3.416 bln, personal savings soared 4.93% to AZN 1.601 bln.

Total capital surged 27.57% to AZN 986.808 mln, authorized capital stood at AZN 568.333 mln, up 54.30% from a year earlier.

Incomes made AZN 438.749 mln (+55.01%), expenditures – AZN 247.821 mln (+20.09%).

Profit stood at AZN 44,571,000.

The bank operates 35 branches, 734 ATMs and 8,445 POS-terminals across the country.

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