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AccessBank gets 56% rise in profit

18 August 2010 10:45 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As of July 1, 2010, Azerbaijan-based AccessBankâ€™s assets stood at AZN 338.240 mln, up 39% compared with a year ago.

Bank says the deposit portfolio extended by 2.3 times to AZN 68.605 mln, populationâ€™s deposit made AZN 64.417 mln, Loan portfolio rose by 38% to AZN 273.639 mln, consumer lending 55.6% increased to AZN 22.358 mln. Total capital climbed 47% to AZN 75.042 mln, authorized capital surged by 2.1 times to AZN 41.8 mln.

Total revenue soared 38% to AZN 42.861 mln, expenditure ended up 31.2% to AZN 29.592 mln. Profit gained 56% to AZN 13.268 mln.

During this period, bank established 3 branches, 6 ATMs and 5 POS-terminals. Staffs rose by 20% to 1124.

AccessBank has been in operation since 2002. The bank operates 25 branches, 26 ATMs and 48 POS-terminals across the country.