Bank Of Baku

NBC Bank gets 44% increase in deposit portfolio

NBC Bank gets 44% increase in deposit portfolio
# 19 April 2010 14:26 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of April 1, 2010, Azerbaijan-based NBC Bank’s assets stood at AZN 46,343 million, up 15% on a year earlier.

The bank said loan portfolio rose 13.7% to AZN 39,184 million, including of consumer loans rose by 12% to AZN 35,618 million deposit portfolio jumped 44.2% to AZN 6,777 million, population’s capital went up 51.6% to AZN 5.485 million.

Total capital went up by 8% to AZN 16.807 mln and authorized capital 14.8% increased to AZN 15.598 mln.

Total revenue 48.5% decreased to AZN 2.318 million and expenditures down by 25.4% to AZN 2.673 million.


Established in 1992, Ruzi Bank was renamed as NBC Bank in 2002. The bank operates 7 branches, 5 ATMs and 44 POS-terminals.
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