Bank Of Baku

Baku branch of Malli Iran Bank 24% increases assets year-on-year

Baku branch of Malli Iran Bank 24% increases assets year-on-year
# 23 April 2010 13:05 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of April 1, 2010, Melli Iran Bank’s Baku branch’s assets stood at AZN 37.299 mln, up 24.4% compared with a year ago.

Bank says deposit portfolio down by 23.1% to AZN 3.572 mln, population’s deposit 9.2% decreased to AZN 1.818 mln. Loan portfolio rose by 58.5% to AZN 9.456 mln, consumption loans 3.5% increased to AZN 4.529mln.

Total capital grew by 33.8% to AZN 15.157 mln, authorized capital rose by 40% to AZN 14.017 mln.

Revenue 45.4% increased to AZN 1.066mln, expenditure rose by 45% to AZN 1.040 mln. Profit grew by 69% to AZN 0.027 mln.

Staffs 4% increased to 26, average monthly salary rose by 25% to AZN 1 236.

Baku branch of Melli Iran Bank has been in operation since 1994.
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