USD 1.7

Baku 25 °C

Paid news

AZ RU EN FA FR

Dark mode

POLITICS

NEWS

World

Economics

Sport

Culture news

Analysis

Blogs

Company

TOP 10

© 2004 - 2026 All copyright are reserved.

Finance

Home page

Finance

Xalg Bank gets 22% rise in assets

01 September 2009 15:17 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As of July 1, Azerbaijan-based Xalg Bank posted its assets at AZN 395.887 million, up 21.6% from a year ago.

Deposit portfolio increase by 12.4% to AZN 263.418 million, loan portfolio rose by 31.2% to AZN 343.836 million and consumer lending more than doubled to AZN 11.138 million.

Total equity capital went up by 54.4% to AZN 64.663 million and paid-up capital stood at AZN 53.550 million.

As against a year ago, revenue fell 1.1% to AZN 19.371 million and expenditure dropped by 59% to AZN 12.001 million. Profit reached AZN 7.370 million, compared to a loss of AZN 9.882 million during the same period last year.

The bank launched 3 branches, 7 ATMs and 11 POS terminals over the past one year.

The number of bank staff increased by 37% to 276 and average salary rose by 11% to AZN 970.

Xalg Bank has been in operation since 2004. It operates 9 branches, 27 ATMs and 34 POS terminals across the country.

Dark mode

POLITICS

NEWS

World

Economics

Sport

Culture news

Analysis

Blogs

Company

TOP 10

© 2004 - 2026 All copyright are reserved.

Finance

Xalg Bank gets 22% rise in assets

Finance

Azerbaijan's insurance market grows by nearly 2% this year

Central Bank of Azerbaijan preparing amendments to compulsory insurance regulations

Azerbaijan's insurance market doubles over past four years

Central Bank of Azerbaijan preparing new development strategy for insurance sector

NEWS FEED

ATTENTION!

ATTENTION!

ATTENTION!