Bank Of Baku

IBA sees 53% rise in assets

IBA sees 53% rise in assets
# 07 September 2010 13:00 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of July 1, 2010, Azerbaijan-based International Bank of Azerbaijan’s assets stood at AZN 5 298.241 mln, up 53% from the year earlier.

Bank says deposit portfolio extended 34% to AZN 2 816.889 mln, population’s deposit rose 27% to AZN 438.065 mln, loan portfolio soared 58% to AZN 4 063.764 mln, consumer lending climbed 1% to AZN 360.239 mln.

Total capital surged 13% to AZN 627.726 mln, authorized capital increased by 21.5% to AZN 240 mln.

Income decreased by 6.9% to AZN 182.325 mln, expenditure ended up 25.7% at AZN 120.178 mln.

IBA has been in operation since 1992. The bank operates 37 branches, 590 ATMs and 2 835 POS-terminals
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