Bank Of Baku

Bank of Baku sees 72% growth in profit

Bank of Baku sees 72% growth in profit
# 22 October 2010 08:44 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of October 1, 2010, Azerbaijan-based Bank of Baku’s assets stood at AZN 228.930 mln, up 28% compared with a year ago.

Bank says deposit portfolio rose 63% to AZN 137.556 mln, loan portfolio soared 29% to AZN 167.572 mln, consumer lending surged 45% to AZN 144.190 mln.

Total capital increased by 13% to AZN 37.482 mln, authorized capital by 89% to AZN 12.852 mln.

Income gained 285 to AZN 36.151 mln, expenditure climbed 15.3% to AZN 25.358 mln. Profit raised 72% to AZN 10.793 mln.

Bank of Baku has been in operation since 1996. The bank operates 15 branches, 24 ATMs and 185 POS-terminals across the country.
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