Bank Of Baku

AccessBank gets 45% rise in profit

AccessBank gets 45% rise in profit
# 22 October 2010 13:46 (UTC +04:00)
Baku. Elnur HUseynguluyev – APA-Economics. As of October 1, 2010, Azerbaijan-based AccessBank’s assets stood at AZN 376.060 mln, up 39% compared with a year ago.

Bank says the deposit portfolio extended by 2.1 times to AZN 86.803 mln, population’s deposit rose 96% to AZN 77.572 mln. Loan portfolio increased by 30% to AZN 284.612 mln, consumer lending ended up to 35.4% settle at AZN 21.504 mln. Total capital soared 37% to AZN 77.517 mln, authorized capital surged by 2.1 times to AZN 41.8 mln.

Income made AZN 66.340 mln, expenditure made AZN 45.792 mln. Profit rose 45% to AZN 20.548 mln.

AccessBank has been in operation since 2002. The bank operates 28 branches, 29 ATMs and 51 POS-terminals across the country.
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