Bank Of Baku

Eurobank’s assets rise by 39% year-on-year

Eurobank’s assets rise by 39% year-on-year
# 30 August 2010 08:01 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of July 1, 2010, Azerbaijan-based Eurobank’s assets stood at AZN 29.677 mln, up 39% compared with a year ago.

Bank says the loan portfolio rose by 54% to AZN 17.760 mln, consumer lending soared 19% to AZN 6.035 mln. Deposit portfolio increased by 3.7 times to AZN 682 000, population’s deposit surged by 5 times to AZN 244 000. Total capital decreased by 16% to AZN 5.285 mln, authorized capital remained unchanged at AZN 8.591 mln.

Income settled 52% higher at AZN 963 000, expenditure slipped 12% to AZN 589 000. Profit was AZN 374 000, loss – AZN 38 000.

Staffs ended up 7.4% to 29, average monthly salary gained 7% to AZN 300.

Eurobank has been in 1992.
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