IBA-Moscow gets rise in net profit

IBA-Moscow gets rise in net profit
# 30 May 2014 15:35 (UTC +04:00)

Baku. Agshin Rafigoglu – APA-Economics. Subsidiary bank of the International Bank of Azerbaijan in Russia IBA-Moscow’s net profit made RR 105.2 mln, up RR 18.3 mln.

Authorized capital reached RR 3,240.3 mln, up 31% or RR 2,470.5 mln.

Liabilities made RR 32,295 mln, deposit portfolio of bank’s individuals rose RR 5,280.4 mln or 65% to RR 8,728.6 mln.

In the first quarter of this year, the assets soared RR 6,599 mln to RR 34,735 mln, up 23% from previous year’s RR 28,136 mln.

As of April 1, the loan portfolio stood at RR 23,637 mln, up RR 2,125 mln or 10% from 2013. Individuals’ loan portfolio surged RR 906 mln or 36% to RR 3,401 mln. Legal entities’ loan portfolio also increased by 7% to RR 19,465 mln.

The bank issued 47,223 Visa and Master cards. The bank operates 75 ATMs and 201 POS-terminals.

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