Finance

Home page

Finance

Azerbaijan Credit Bank sees 28% growth in populationâ€™s deposit

12 July 2010 14:49 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As of July 1, 2010, Azerbaijan-based Azerbaijan Credit Bankâ€™s assets stood at AZN 23.546 mln, down 15% compared with April 1, 2009.

Bank says deposit portfolio rose by 28% to AZN 6.158 mln, populationâ€™s deposit surged 28% to AZN 6.127 mln during the same period.

Loan portfolio increased by 14.4% to AZN 21.670 mln, consumer lending climbed 59% to AZN 3.507 mln, total capital decr5eased by 39% to AZN 7.906 mln, authorized capital gained 12% to AZN 101.429 mln.

Total revenues made AZN -852 000, expenditure AZN 2.259 mln. Bankâ€™s loss was AZN 5.311 mln.

THe customers added 11.2% to 3 060, individuals rose by 11.4% to 2 843, legal entities by 8% to 217. Number of staffs rose by 3% to 36. Average monthly salary slid 31.6% to AZN 1 306. The bank has been in operation since 2005.