Baku. Elnur Huseynguluyev - APA-Economics. As of January 1, Azerbaijan-based Azernegliyyatbank posted its assets at AZN 71.317 million, up 39.4% from a year ago.
The bank said deposit portfolio rose by 12.6% to AZN 44.224 million and loan portfolio increased by 43.3% to AZN 20.526 million, total capital more than doubled to AZN 26.525 million and authorized capital stock more than doubled to AZN 25.215 million.
During this period, term deposits doubled to AZN 12.465 million.
The bank’s profit for 2009 nearly quintupled to AZN 773 000 on year.
Established in 1989, Azerneqliyyatbank is owned by legal entities (41.4%) and individuals (58.6%). It operates 8 branches across the country.
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