Bank Of Baku

NBC Bank gets 76% rise in deposit portfolio

NBC Bank gets 76% rise in deposit portfolio
# 17 August 2010 12:55 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of July 1, 2010, Azerbaijan-based NBC Bank’s assets stod at AZN 46.792 mln, up 5% compared with year ago.

Bank says the loan portfolio rose by 95 to AZN 40.024 mln, consumer lending 1.6% increased to AZN 35.437 mln, deposit portfolio 76.4% extended to AZN 7.201 mln, population’s deposit surged 77.1% to AZN 6.433 mln.

Total capital 1.2% decreased to AZN 16.341 mln, authorized capital soared 15% to AZN 15.598 mln.

Total revenue made AZN 4.500 mln, down 4.4% from year earlier. Expenditure ended up 88% to AZN 5.352 mln. Loss made AZN 852 000.

Staffs slipped 1.4% to AZN 140, average monthly salary surged 86% to AZN 608.

NBC Bank has been in operation since 1992. The bank operates 7 branches, 6 ATMs and 44 POS-terminals across the country.
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