Bank Of Baku

Bank of Azerbaijan sees 5% rise in assets

Bank of Azerbaijan sees 5% rise in assets
# 16 August 2010 15:02 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of July 1, 2010, Bank of Azerbaijan’s assets stood at AZN 159.984 mln, up 4.8% compared with a year ago.

Bank says the deposit portfolio 19.2% decreased to AZN 68.109 mln, population’s deposit slid 21% to AZN 61.384 mln. Loan portfolio grew 7.5% to AZN 128.935 mln, consumer lending surged 7% to AZN 16.124 mln. Total capital ended down 9% to AZN 17.868 mln, authorized capital remained unchanged at AZN 15 mln.

Income slipped 8.4% to AZN 3.793 mln, expenditure dropped 5.3% to AZN 4.607 mln. Loss rose by 12% to AZN 814 000.

Bank of Azerbaijan has been in operation since 1993. The bank operates 13 branches, 26 ATMs and 156 POS-terminals across the country.
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