Bank Of Baku

Azer-Turk Bank increases consumer lending

Azer-Turk Bank increases consumer lending
# 12 October 2010 14:40 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of October 1, 2010, Azer-Turk Bank’s assets stood at AZN 53.545 mln, up 7.72% compared with a year ago.

Bank says the loan portfolio rose 10.4% to AZN 29.064 mln, including consumer lending increased by 13.4% to AZN 11.733 mln. Deposit portfolio declined by 1.3% to AZN 30.903 mln including population’s deposit slid 7.5% to AZN 12.853 mln.

Total capital ended up 2.7% to settle at AZN 12.128 mln, including authorized capital gained 10% to AZN 10.991 mln.

Note that income climbed 5.1% to ANZ 5.763 mln, expenditure raised 26.9% to AZN 4.778 mln. Bank established 2 branches, 3 ATMs and 6 POS-terminals, during the same period.

Azer-Turk Bank has been in operation since 1995. The bank operates 4 branches, 7 ATMs and 22 POS-terminals across the country.
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