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Azer-Turk Bank gets 15% year-on-year rise in deposits

06 October 2009 13:01 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As at October 1, Azer-Turk Bankâ€™s assets stood at AZN 49.706 million, up 18.3% on a year ago.

The loan portfolio fell by 5.4% to AZN 26.334 million, deposit portfolio increased by 15.3% to AZN 31.309 million (including personal deposits rising 18.5% to AZN 13.902 million), total capital grew by 1.4% to AZN 11.811 million and authorized capital stock stood at AZN 10 million.
Consumer loans increased by 26.1% to AZN 10.321 million.

As against a year ago, revenue rose by 1.3%, year-on-year, to AZN 5.481 million and expenditures increased 22% to AZN 3.766 million.
The bankâ€™s profit declined by 26% to AZN 1.715 million. The number of bank staff increased by 23.2% to 101.

In 1995 AzerTurkBank was established by Turkish T.C.Ziraat Bankasi A.S. (46%), German Ziraat Bank International AG (4%), Azeri Agrarcredit (46%) and Turanbank (4%). The bank operates 2 branches, 4 ATMs and 16 POS terminals across the country.