Azerbaijan Industry Bank gets up to 70% rise in mortgage lending

Azerbaijan Industry Bank gets up to 70% rise in mortgage lending
# 30 January 2015 11:18 (UTC +04:00)

Baku. Yegane Lachinzade - APA-Economics. As of January 1, 2015, Azerbaijan Industry Bank’s assets stood at AZN 419.613 mln, up 23.73% from previous year.

Bank says the loan portfolio rose 37.71% to AZN 167.284 mln, consumption loans declined 41.26% to AZN 26.595 mln, mortgage loans grew 69.82% to AZN 795,230.

Deposit portfolio fell 1.99% to AZN 232.579 mln, personal savings went up 43.09% to AZN 109.222 mln, total capital advanced 9.78% to AZN 67,373,090, authorized capital remained unchanged at AZN 60 mln.

Incomes enhanced 1.81 times to AZN 39.202 mln, expenditures extended 1.97 times to AZN 33.367 mln.

Profit made AZN 5,835,650.

The bank operates 9 branches, 51 ATMs and 533 POS-terminals across the country.

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