Bank Of Baku

RoyalBank’s deposit portfolio doubles

RoyalBank’s deposit portfolio doubles
# 20 October 2010 08:23 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of October 1, 2010, Azerbaijan-based RoyalBank’s assets stood at AZN 174.850 mln, up 29% compared with a year ago.

Bank says the deposit portfolio rose by 2.1 times to AZN 114.444 mln, population’s deposit gained 49% to AZN 75.508 mln. Loan portfolio increased by 23% to AZN 121.597 mln, consumer lending by 6.6% to AZN 91.433 mln. Total capital sli 11% to AZN 19.393 mln, authorized capital climbed 4% to AZN 20.639 mln.

Income soared 16.3% to AZN 22.032 mln, expenditure surged 31% to AZN 23.522 mln. The loss in January-September made AZN 1.490 mln. Profit was AZN 966 000 in January-September, 2009.

Staffs rose 6% to 614, average monthly salary increased by 7.5% to AZN 548.

RoyalBank has been in operation since 1993. The bank operates 32 branches, 31 ATMs and 113 POS-terminals across the country.
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