Bank Of Baku

Expressbank sees rise in financial indexations

Expressbank sees rise in financial indexations
# 18 October 2010 12:36 (UTC +04:00)
Baku. Elnur Huseynguluyev – AAP-Economics. As of October 1, 2010, Azerbaijan-based Expressbank’s assets stood at AZN 202.352 mln, up by 4.1 times compared with a year ago.

Bank says the deposit portfolio rose by 5 times to AZN 154.920 mln, population’s deposit approximately doubled to AZN 12.180 mln. Loan portfolio increased by 2.2 by times to AZN 39.542 mln, consumer lending gained 66.2% to settle at AZN 12.330 mln.

Total capital rose by 2.6 times to AZN 45.556 mln, authorized capital by 2.7 times to AZN 41 mln.

Income increased by 2.2 times to AZN 11.477 mln, expenditure by 2.3 times to AZN 7.547 mln. Profit climbed 94% to AZN 3.930 mln.

At the same time, bank established 2 branches, 25 ATMs and 7 POS-terminals during the same period.

Expressbank has been in operation since 1989. The bank operates 10 branches, 28 ATMs and 8 POS-terminals across the country.
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