Bank Of Baku

IBA 60% increases assets year-on-year

IBA 60% increases assets year-on-year
# 30 April 2010 10:49 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of April 1, 2010, International Bank of Azerbaijan’s assets stood at AZN 5 256.950 mln, up by 59% compared with a year ago.

Bank says, deposit portfolio rose by 23.5% to AZN 1 984.853 mln, population’s deposit made AZN 401.038 mln, loan portfolio 73% increased to AZN 3 940.919 mln. Total capital grew by 21% to AZN 472.514 mln, authorized capital soared 23.8% to AZN 240 mln.

Revenue down by 15.2% to AZN 86.713 mln, expenditure 6.2% decreased to AZN 67.372 mln. Profit 36.4% declined to AZN 19.341 mln.

IBA has been in operation since 1992. The bank operates 37 branches, 590 ATMs and 2 766 POS-terminals. Bank has 1 214 staffs, 924 902 customers.
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