Baku. Elnur Huseynguluyev – APA-Economics. As of October 1, 2010, Azerbaijan-based United Credit Bank’s assets stood at AZN 40.089 mln, up 16% compared with a year ago.
Bank says the loan portfolio rose 25% to AZN 31.617 mln, including consumer lending gained 25.1% to AZN 11.965 mln. Deposit portfolio extended 29.2% to AZN 13.479 mln, including term deposit climbed 35.5% to AZN 11.250 mln, perpetual deposits increased by 4.8% to AZN 2.229 mln. Deposits of individuals in term deposit rose 18.3% to AZN 7.832 mln, of legal entities doubled to AZN 3.418 mln. Deposit of legal entities in perpetual deposit rise 31% to AZN 1.111 mln, of individuals slid 10% to AZN 1.003 mln.
Total capital decreased by 5% to AZN 12.380 mln, authorized capital remained unchanged at AZN 12.108 mln.
Income increased by 9.4% to AZN 4.221 mln, expenditure by 25.6% to AZN 5.521 mln.
United Credit Bank has been in operation since 1996. The bank operates 5 branches, 5 ATMs and 39 POS-terminals.
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