Birlik Bank posts 31% growth in assets

Birlik Bank posts 31% growth in assets
# 03 February 2010 15:34 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of January 1, Azerbaijan-based Birlik Bank’s assets stood at AZN 53.155 million, up 30.8% on a year earlier.
The bank said loan portfolio rose 28.1% to AZN 35.889 million, deposit portfolio by 6.27% to AZN 0.983 million, total capital went up 3.9% to AZN 18.809 million and authorized capital stood unchanged at AZN 16 million.
Consumer loans fell 5.9% to AZN 4.163 million.

Over the past year, revenue for 2009 increased by 65.6% to AZN 5.706 million and expenditures rose by 41.3% to AZN 5.163 million.

The number of employees decreased by 27.5% to 37 as of January 1, and the average salary increased by 25% to AZN 150 on average and number clients increased by 1.4% to 1331.

Owned by 20 local individuals, Birlik Bank has been in operation since 1993. It operates 3 branches across the country.
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