Bank Of Baku

Gunay Bank increases consumer lending sharply

Gunay Bank increases consumer lending sharply
# 27 October 2010 13:52 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of October 1, 2010, Azerbaijan-based Gunay Bank’s assets stood at AZN 35.333 mln, up 11% compared with a year ago.

Bank says the deposit portfolio decreased by 26% to AZN 7.186 mln, loan portfolio rose 14% to AZN 31.838 mln, consumer lending increased by 4.2 times to AZN 2.968 mln.

Total capital slid 1.6% to AZN 13.634 mln, authorized capital soared 20% to AZN 13.024 mln.

Income climbed 1.4% to AZN 4.144 mln, expenditure raised by 2.8 times to AZN 3.145 mln. Profit fall 66% to AZN 0.999 mln.

Staffs made 39, Average monthly salary remained unchanged at AZN 300.

Gunay Bank has been in operation since 1992. The bank operates 1 branch and 1 POS-terminal.
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