Bank Of Baku

Bank SilkWay gets 43% rise in assets

Bank SilkWay gets 43% rise in assets
# 19 August 2010 14:42 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of July 1, 2010, Azerbaijan-based Bank SilkWay’s assets stood at AZN 47.925 mln, up 43% compared with a year ago.

Bank says the deposit portfolio rose by 36% to AZN 13.398 mln, population’s deposit extended 65% to AZN 1.976 mln, loan portfolio climbed 53% to AZN 35.475 mln, consumer lending grew by 2.1 times to AZN 3.784 mln.

At the same time total capital gained 14% to AZN 23.636 mln, authorized capital ended up 11% to AZN 22.20 mln.

Income soared 67% to AZn 4.503 mln, expenditure surged 61% to AZN 3.566 mln. Profit ended higher 92% to AZN 0.937 mln.

Staffs rose by 52% to 108, average monthly salary expanded 34% to AZN 1 053.

Bank SilkWay has been in operation since 1993. The bank operates 8 branches, 19 ATMs and 23 POS-terminals across the country.
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