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Jalal Gasimov: Bank of Baku will get AZN 6-7 million in profit this year

Jalal Gasimov: Bank of Baku will get AZN 6-7 million in profit this year

31 July 2009 14:41 (UTC +04:00)

Baku. Elnur Huseynguluyev - APA-Economics. Bank of Baku is set to earn AZN 6-7 million in profit this year, compared to AZN 8 million last year, said Jalal Gasimov, Chairman of Bank of Baku.

As of July 1, Bank of Bakuâ€™s assets stood at AZN 168.307 million, deposit portfolio at AZN 80.089 million, loan portfolio at AZN 122.040 million, total equity capital at AZN 30.921 million and authorized capital at AZN 6.8 million.

One of the first commercial banks in Azerbaijan, Bank of Baku was registered on 14 February, 1994 originally under the name of Tugay Bank. The key founder of BOB was the Turkish company Nab DÄ±ÅŸ Ticaret.
On 10 February 1997, Bank of Bakuâ€™s name was changed to Bank of Baku and it was reregistered as a joint stock commercial bank in August 1997.

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