Bank Of Baku

AccessBank sees 68% growth in profit in first quarter

AccessBank sees 68% growth in profit in first quarter
# 21 April 2010 10:36 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of April 1, 2010, Azerbaijan-based AccessBank’s assets stood at AZN 324.470 mln, up 41.2% compared with a year ago.

The bank says that, deposit portfolio rose by 2.7 times to AZN 61.963 mln, loan portfolio grew by 36.7% to AZN 250.405 mln, consumption loan 30.5% increased to AZN 16.616 mln. Total capital soared 44.3% to AZN 67.320, authorized capital rose by 2.1 times to AZN 41.8 mln.

Revenue 94.3% increased to AZN 19.969 mln, expenditure rose by 2.1 timesto AZN 14.076 mln. The bank’s profit 68% increased to AZN 5.893 mln.

During this time, bank established a branch, 5 ATMs and 7 POS-terminals. The staffs grew by 17% to 1054.

AccessBank has been in operation since 2002. The bank operates 23 branches, 25 ATMs and 48 POS-terminals.
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