AtaBank achieves 43% rise in assets

AtaBank achieves 43% rise in assets
# 13 April 2009 12:44 (UTC +04:00)
Baku. Elnur Huseynqguluyev – APA-Economics. As of April 1, Azerbaijan-based AtaBank posted its assets at ZN 153.350 million, up 43% from a year ago.
The bank said loan portfolio grew by 40.2%, year-on-year, to AZN 109.732 million and term deposits increased by 48% to AZN 97.666 million.
The bank’s net profit jumped 21% to AZN 1.382 million.
AtaBank has been in operation since 1993. It operates 18 branches across the country.
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