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

Bank of Azerbaijan posts 21% year-on-year rise in assets

04 September 2009 14:57 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As of July 1, Bank of Azerbaijan posted its assets at AZN 127.249 million, up 21.1% from a year ago.

Deposit portfolio increased by 18% to AZN 53.081 million, loan portfolio rose by 6.6% to AZN 97.345 million, total equity capital went up by 23.4% to AZN 19.634 million and authorized capital stock grew by 50% to AZN 15 million.

As against a year ago, revenue soared by 22% to AZN 8.936 million and expenditure dropped by 9.1% to AZN 9.673 million. The bank went AZN 737 000 into the red during the first half of 2009, compared to a profit of AZN 875 000 in January-June 2008.

The bank launched 1 branch, 2 ATMs and 37 POS terminals over the past one year.

The number of staff increased by 19.6% to 427.

Owned by NEM Holding and two individuals, Bank of Azerbaijan has been in operation since 1993. It operates 19 branches, 24 ATMs and 150 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

Bank of Azerbaijan posts 21% year-on-year 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!