Bank Of Baku

Zamin Bank 49% increases profit year-on-year

Zamin Bank 49% increases profit year-on-year
# 27 April 2010 12:26 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of April 1, 2010, Azerbaijan-based Zamin Bank’s assets stood at AZN 189.685 mln, up 39% compared with a year ago.

Bank says, deposit portfolio down by 47.3% to AZN 34.942 mln, population’s deposit made AZN 32.002 mln, loan portfolio rose by 53% to AZN 125.007 mln, consumption loan grew by 2.5 times to AZN 30.496 mln. Total capital 44.2% increased to AZN 19.803 mln, authorized capital soared 18% to AZN 13.195 mln.

Revenue rose by 5.5% to AZN 4.435 mln, expenditure 4.6% declined to AZN 3.251 mln. Profit rose by 49% to AZN 1.184 mln.

Bank established 10 branches, 24 ATMs and 21 POS-terminals.

Zamin Bank has been in operation since 1992. Bank operates 35 branches, 6 departments, Moscow representation in Russia, 28 ATMs and 1 891 POS-terminals across the country.
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