Bank Of Baku

AtaBank expands term deposit portfolio 65%

AtaBank expands term deposit portfolio 65%
# 01 February 2010 15:35 (UTC +04:00)
Baku Elnur Huseynguluyev – APA-Economics. AtaBank increased its term-deposit portfolio by 64.5% or AZN 53.8 million, year-on-year, to AZN 137.2 million, as of January 1.
The Bank told APA-ECONOMICS that the deposits put by individuals grew 39.1% to AZN 78.7 million. Last year, the bank’s return on assets (ROA) was 2.3%, and return on equity (ROE) was 26.8%.
Established in 1993, AtaBank is part of AtaHolding Group. As of January 1, the bank’s assets stood at AZN 199.343 million, loan portfolio at AZN 127.388 million, deposit portfolio at AZN 166.837 million, authorized capital at AZN 15 million and total equity capital at AZN 25.130 million. The bank operates 17 branches.
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