Bank Of Baku

Azerbaijan Credit Bank sees 23% growth in deposits year-on-year

Azerbaijan Credit Bank sees 23% growth in deposits year-on-year
# 19 April 2010 13:17 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of April 1, 2010, Azerbaijan-based Azerbaijan Credit Bank’s assets made AZN 23.039 mln, 16% down compared with a year ago.

Bank said that, deposit portfolio rose by 15% to AZN 5.955 mln including of population’s deposits 23.3% increased to AZN 5.775 mln.

Loan portfolio grew by 0.6% to AZN 27.054 mln including of consumption loans soared 24.5% to ANZ 3.340 mln, total capital fell by 37.3% to AZN 7.972 mln, authorized capital stayed at ANZ 10.205 mln.

Revenues were AZN -1.387 mln and e4xpenditures were ANZ 3.854 mln. The loss of bank made AZN 5.241 mln.

During this period, the staffs down by 25% to 37, average monthly salary 9% increased to AZN1 209.

Owned 11 individual person Azerbaijan Credit Bank has been in operation since 2005.
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