Bank Of Baku

Atrabank’s deposit portfolio rises by 51% year-on-year

Atrabank’s deposit portfolio rises by 51% year-on-year
# 20 August 2010 14:03 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of July 1, 2010, Azerbaijan-based Atrabanbk’s assets stood at AZN 35.710 mln, up 4% compared with a year ago.

Bank says the deposit portfolio extended 51.4% to AZN 6.437 mln, population’s deposit rose by 44% to AZN 5.537 mln, loan portfolio 0.6% increased to AZN 24.614 mln, consumer lending soared 24% to AZN 6.029 mln. Total capital surged 0.2% to AZN 10.903 mln, authorized capital remained unchanged at AZN 10.425 mln.

Income 8% decreased to AZN 1.529 mln, expenditure slipped 7% to AZn 1.520 mln. Profit slid 65% to AZN 8.13 thousand.

Staffs raised 3.9% to 158 and average monthly salary ended down 24% to AZN 354.

Atrabank has been in operation since 1992. The bank operates 13 branches, 24 exchange points, 13 ATMs and 35 POS-terminals across the country.
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