Bank Of Baku

Gandjabank sees 57% rise in consumer lending

Gandjabank sees 57% rise in consumer lending
# 25 October 2010 14:46 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of October 1, 2010, Azerbaijan-based Gandjabank’s assets stood at AZN 40.947 mln, up 12.3% compared with a year ago.

Bank says the deposit portfolio extended 12% to AZN 3.092 mln, population’s deposit raised 10% to AZN 2.750 mln. Loan portfolio rose 18% to AZN 20.890 mln, consumer lending increased by 57% to AZN 3.451 mln.

Total capital slid 12.5% to AZN 14.808 mln, authorized capital remained unchanged at AZN 15 mln.

Income soared 16% to AZN 3.054 mln, expenditure doubled to AZN 4.122 mln. Loss made AZN 1.068 mln.

Staffs decreased by 6.4% to AZN 73, average monthly salary surged 9.3% to AZN 691.

Gandjabank has been in operation since 1994. The bank operates 2 branches, 6 ATMs and 14 POS-terminals across the country.
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