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Azerbaijan Credit Bank achieves a 25% rise in deposit portfolio

Azerbaijan Credit Bank achieves a 25% rise in deposit portfolio

16 December 2009 13:23 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As of December 1, Azerbaijan Credit Bank posted its assets at AZN 28.313 million, up 5.2% from a year ago.

Deposit portfolio increased by 25% to AZN 6.045 million and loan portfolio rose by 0.8% to AZN 26.304 million, said Rajab Huseynov, chairman of the bank.

Total equity capital rose by 10.1% to AZN 13.114 million and paid-up capital remained unchanged at AZN 10.205 million.

As compared a year ago, revenue stood at AZN 4.149 million and expenditure at AZN 2.846 million. The bankâ€™s profit for January-November was AZN 1.303 million.

Owned by 11 individuals, Azerbaijan Credit Bank has been in operation since 2005.

The bank operates 1 branch, 1 ATM and 1 POS terminal across the country.

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