Atrabank sees 50% growth in deposit portfolio

Atrabank sees 50% growth in deposit portfolio
# 04 May 2010 12:57 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of April 1, 2010, Azerbaijan-based Atrabank’s assets stood at AZN 35.392 mln, up by 1% compared with a year ago.

Bank says, deposit portfolio rose by 50% to AZN 6.466 mln, population’s deposit 49.6% increased to AZN 5.479 mln, loan portfolio 3.4% decreased to AZN 23.401 mln, conspumption loan grew by 21.6% to AZN 5.807 mln. Total capital declined 2.23% to AZN 10.903 mln, authorized capital remained unchanged AZN 10.425 mln.

Revenue fell 15% to AZN 761 mln, expenditure down by 7% to AZN 755 000. Profit decreased by 15 times to AZN 5.640 mln.

Staffs rose by 38.9% to 175, average monthly salary 11% decreased to AZN 425.

Atrabank has been in operation since 1992. The bank operates 13 branches, 24 exchange points, 13 ATMs and 39 POS-terminals across the country.
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