Melli Iran Bank Baku Branch gets a 53% rise in assets

Melli Iran Bank Baku Branch gets a 53% rise in assets
# 31 August 2009 16:44 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of July 1, Melli Iran Bank Baku Branch posted its assets at AZN 31.754 million, up 53.1% from a year ago.


Deposit portfolio more than doubled to AZN 18.738 million while loan portfolio dropped by 11.7% to AZN 5.570 million. Consumer lending reached AZN 2.571 million.

Total equity capital fell by 7.6% to AZN 11.971 million and authorized capital stock remained steady at AZN 10 million.

Revenue nearly tripled to AZN 4.367 million and expenditure increased by 7-fold to AZN 3.945 million. Gross profit dropped by 55.7% year-on-year to AZN 422 million. The number of bvank staff decreased by 9.5% to 23.

Melli Iran Bank Baku Branch has been in operation since 1994.
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