Bank Of Baku

Royal Bank sees 36% growth in loan portfolio

Royal Bank sees 36% growth in loan portfolio
# 21 July 2010 12:20 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of July 1, 2010, Azerbaijan-based Royal Bank’s assets stood at AZN 156.814 mln, up 25% compared with a year ago.

Bank says the deposit portfolio decreased by 0.6% to AZN 69.705 mln, population’s deposit reached AZN 66.261 mln.

As bank says the loan portfolio rose by 36% to AZN 117.397 mln, consumer lending by 35% to AZN 101.496 mln. Total capital 12.7% slid to AZN 18.868 mln, authorized capital grew 8% to AZN 20.639.

Staffs climbed 7.7% to AZN 604, average monthly salary ended up 7.8% to AZN 567.

Royal Bank has been in operation since 1993. The bank operates 32 branches, 31 ATMs and 113 POS-terminals across the country.
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