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Xalg Bank sees 40% rise in profit

18 August 2010 14:42 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As of July 1, 2010, Azerbaijan-based Calg Bankâ€™s assets stood at AZN 480.021 mln, up 21.3% compared with a year ago.

Bank says the deposit portfolio rose by 7.8% to AZN 283.993 mln, populationâ€™s deposit climbed 17% to AZN 208.075 mln, loan portfolio soared 15% to AZN 395.857 mln, consumer lending surged 18% to AZN 13.093 mln.

Total capital 33.2% increased to AZN 86.160 mln, authorized capital gained 36% to AZN 72.828 mln.

Revenue ended up 44.3% to AZN 27.951 mln, expenditure raised 47% to AZN 17.645 mln. Half-year profit rose by 40% to AZN 10.307 mln.

Staffs 35% increased to 373, average monthly salary climbed 8% to AZN 1 048.

Owned by several legal entities Xalg Bank has been in operation since 2004. The bank operates 11 branches, 30 ATMs and 44 POS-terminals across the country.