Azerbaijan Industry Bank gets rise in assets

Azerbaijan Industry Bank gets rise in assets
# 30 October 2014 09:33 (UTC +04:00)

Baku. Parviz Nuriyev – APA-Economics. In the third quarter of 2014, Azerbaijan Industry Bank’s assets stood at AZN 407.768 mln, up 30.62% from previous year.

Bank says the loan portfolio rose 74.05% to AZN 162.209 mln, consumption loans fell 43.51% to AZN 22.304 mln, and mortgage lending raised 63.18% to AZN 0.780 mln (AZN 0.447 mln or 57.31% given through AMF).

Deposit portfolio surged 41.85% to AZN 210.250 mln, personal savings increased 4.33 times to AZN 106.448 mln.

Total capital soared 9.16% to AZN 66.590 mln, while the authorized capital remained unchanged at AZN 60 mln.

Incomes grew 2.04 times to AZN 28.816 mln, expenditures went up 2.53 times to AZN 24.902 mln.

Profit made AZN 3.914 mln.

The bank operates 9 branches, 47 ATMs and 542 POS-terminals across the country.

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