Bank Of Baku

Atabank sees 17% growth in assets

Atabank sees 17% growth in assets
# 22 July 2010 11:11 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of Jul1, 2010, Azerbaijan-based Atabank’s assets stood at AZN 208.668 mln, up 16.5% compared with a year ago.

Bank says the deposit portfolio rose by 23% to AZN 173.529 mln, population’s deposit 37% increased to AZN 83.239 mln. Loan portfolio grew 10.1% to AZN 124.958 mln, consumer lending 17.6% decreased to AZN 31.744 mln.

Total capital dropped 6.2% to AZN 27.166 mln, authorized capital soared 12% to AZN 16.8 mln.

Revenue slid 15% to AZN 11.072 mln, expenditure climbed 6.5% to AZN 10.713 mln. Profit slipped 87.7% to AZN 358.6 mln.

Atabank has been in operation since 1993. The bank operates 20 branches, 50 ATMs and 284 POS-terminals across the country.
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