Eurobank sees 39% rise in assets

Eurobank sees 39% rise in assets
# 25 May 2010 14:43 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of April 1, 2010, Azerbaijan-based Eurobank’s assets stood at AZN 29.201 mln, up 38.6% compared with a year ago.

Bank says, loan portfolio rose by 50% to AZN 17.777 mln, consumer lending 17% increased to AZN 6.034 mln. Authorized capital remained unchanged at AZN 8.591 mln.

Revenue grew by 51% to AZN 4.660 mln, expenditure 20%decreased to AZN 3.366 mln, during the same period. Bank’s profit made AZN 1.294 mln and loss was AZN 1.145 mln.

The staffs rose by 12% to 28, average monthly salary remained unchanged at AZN 300.

Eurobank was established in 1992, as Azinvestbank.
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