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United Credit Bank increases financial indexations

22 July 2010 14:55 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As of July 1, 2010, Azerbaijan-based united Credit Bankâ€™s Assets stood at AZN 40.468 mln, up 22% compared with a year ago.

Bank says the loan portfolio rose by 28.3% to AZN 31.197 mln, consumer lending 29% increased to AZN 12.172 mln, during the same period.

Deposit portfolio extended 47.5% to AZN 13.235 mln, term deposits surged 37% to AZN 10.121 mln, demand deposits doubled to AZN 3.114 mln.

Total capital was AZN 12.478 mln, authorized capital remained unchanged at AZN 12.108 mln.

Income made AZN 2.680 mln, expenditure was AZN 3.834 mln. Of this AZN 2.375 mln was interest rates, AZN 305 000 was non-interest rates.

United Credit Bank has been in operation since 1996. The bank operates 5 branches, 5 ATMs and 7 POS-terminals.