Azerbaijan Industry Bank triples population’s deposit

Azerbaijan Industry Bank triples population’s deposit
# 02 November 2010 09:14 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of October 1, 2010, Azerbaijan Industry Bank’s assets stood at AZN 111.927 mln, up 4% compared with a year ago.

Bank says the deposit portfolio extended 6.2% to AZN 26.539 mln, population’s deposit tripled to AZN 8.896 mln, loan portfolio rose 15% to AZN 73.810 mln, consumer lending increased by 31% AZN 34.705 mln. Total capital soared 10% to AZN 25.940 mln, authorized capital surged 11% to AZN 22.114 mln.

Income made AZN 8.878 mln during the same period, up 41% from year ago, expenditure ended up 35% at AZN 7.628mln. Profit stood at AZN 1.250 mln.

Staffs climbed 1.3% to AZN 154.

AIB has been in operation since 1996. The bank operates 29 ATMs, 282 POS-terminals and 8 branches across the country.
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