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Unibank sees 20% drop in corporate deposits

Unibank sees 20% drop in corporate deposits

22 December 2009 16:19 (UTC +04:00)

Baku. Elnur Huseyguluyev â€“ APA-Economics. As at December 1, Azerbaijan-based UniBank posted its assets at AZN 341.746 million, down 18.2% from early this year.

The bank said loan portfolio dropped by 26.5% to AZN 234.757 million, deposit portfolio fell by 8.8% to AZN 112.814 million, retail deposits went down by 3.1% and corporate deposits plunged by 19.5% to AZN 34.341 million.

Total equity capital increased by 12.8% to AZN 72.274 million.

For January-November, revenue stood at AZN 48.748 million and expenditure at AZN 45.463 million. The bankâ€™s profit for this period was AZN 3.285 million.

Owned by EBRD (15.15%), DEG Investment Corporation (8.33%), legal entities (0.9%) and individuals (75.62%), UniBank has been in operation since 1992. It operates 24 branches, 62 ATMs and 228 POS terminals across the country.

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