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Atrabank sees profit halved

21 May 2009 15:25 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As of April 1, Azerbaijan-based Atrabank posted its assets at AZN 34.956 million, up 14.7% from a year ago.

The bank said deposit portfolio increased by 6.4% to AZN 4.250 million, loan portfolio rose by 8.7% to AZN 24.971 million and consumer lending jumped by 30% to AZN 4.736 million.

Total capital dropped by 0.7% to AZN 11.166 million while authorized capital stock grew 3.5% to AZN 10.425 million.

Revenue increased by 8.9% to AZN 1.154 million and expenditure rose by 27.7% to AZN 1.055 million. Profit fell 2.4-fold to AZN 0.099 million.

The bank established 5 exchange bureaus, 3 ATMs and 14 POS terminals over the past one year.

Besides, the number of staff increased by 11% to 134 and average salary increased by 0.6% to AZN 474.

Established in 1992, Atrabank operates 11 branches, 6 exchange bureaus, 13 ATMs and 42 POS terminals across the country.