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Gandja Bank gets 47% rise in deposits

Gandja Bank gets 47% rise in deposits

31 July 2009 15:37 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As of July 1, Gandja Bankâ€™s assets stood at AZN 32.784 million, up 48% from a year ago.

Deposit portfolio increased by 47% to AZN 2.994 million, loan portfolio rose by 5.4% to AZN 20.385 million, total capital went up by 21.6% to AZN 14.023 million and authorized capital stock grew by 21% to AZN 12.1 million.

Consumer lending reached AZN 2.368 million.

Revenue increased by 19.9% to AZN 2.046 million and expenditure fell by 46.4% to AZN 1.350 million. Profit plunged by 12% to AZN 0.696 million.

The number of bank employees more than halved to 81 while average staff salary increased by 4.6% to AZN 523 million.

Gandja Bank has been in operation since 1994.

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