Bank Of Baku

Melli Iran Bank’s Baku branch sees 30% growth in assets

Melli Iran Bank’s Baku branch sees 30% growth in assets
# 16 August 2010 09:49 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of July 1, 2010, assets of Baku branch of Melli Iran Bank stood at AZN 41.296 mln, up 30% compared with a year ago.

Bank says the deposit portfolio 8.6% decreased to AZN 4.091 mln, population’s rose by 30% to AZN 4.091 mln. Loan portfolio grew 47.6% to AZN 8.648 mln, consumer lending soared 70% to AZN 4.369 mln.

Total capital surged 27% to AZN 14.969 mln, authorized capital ended up 46% to AZN 14.631 mln.

Income climbed 23% to AZN 2.227 mln, expenditure raised 72% to Azn 2.361 mln. Bank’s loss made AZN 134 000.

Staffs rose by 9% to 25, average monthly salary 25% increased to AZN 1 494.

Baku branch of Melli Iran Bank has been in operation since 1994. The branch operates 3 ATMs and 1 POS-terminal.
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