Bank Of Baku

Zamin Bank sees 34% rise in assets

Zamin Bank sees 34% rise in assets
# 27 October 2010 12:07 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-economics. As of October 1, 2010, Azerbaijan-based Zamin Bank’s assets stood at AZN 216.535 mln, up 34% compared with a year ago.

Bank says the deposit portfolio rose 66.5% to AZN 45.980 mln, population’s deposit made AZN 42.759 mln. Loan portfolio increased by 36% to AZN 141.10 mln, consumer lending by 64% to AZN 39.461 mln.

Total capital soared 18% to AZN 20.533 mln, authorized capital surged 19% to AZN 15.722 mln.

Income climbed 23.4% to AZN 15.806 mln, expenditure gained 26% to AZN 13.496 mln. Profit made AZN 2.310 mln.

Zamin Bank has been in existence since 1992. The bank operates 35 branches, 6 departments, Moscow representation in Russia, 34 ATMs and 1 891 POS-terminals.
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