Bank Of Baku

Bank Avrasiya sees 53% decline in assets

Bank Avrasiya sees 53% decline in assets
# 19 October 2010 07:55 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of October 1, 2010, Azerbaijan-based Bank Avrasiya’s assets stood at AZN 55.190 mln, down 53% compared with a year ago.

Bank says the deposit portfolio rose by 2.6 times to AZN 27.766 mln, loan portfolio slid 2.1% to AZN 17.543 mln, consumer lending by decreased by 48% to AZN 2.066 mln.

Total capital slipped 3.1%% to AZN 20.257 mln, authorized capital remained unchanged at AZN 20 mln.

Income made AZN 2.978 during the same period. Expenditure ended up 0.7% to settle at AZN 3.241 mln. Profit made AZN 839 000, loss – AZN 263.63 thousand.


Bank Avrasiya has been in operation since 2007. The bank operates 1 branch, 4 ATMs and 22 POS-terminals across the country.
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