Bank Of Baku

IBA gets 30% rise in deposit portfolio

IBA gets 30% rise in deposit portfolio
# 10 November 2010 08:39 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of October 1, 2010, Azerbaijan-based International Bank of Azerbaijan’s assets stood at AZN 5 095.392 mln, up 7.1% compared with a year ago.

Bank says the deposit portfolio extended 29.3% to AZN 2 514.575 mln, population’s deposit slid 5.9% to AZN 478.259 mln, loan portfolio rose 9.7% to AZN 3 946.145 mln, consumer lending increased by 8.9% to AZN 376.796 mln. Total capital soared 11% to AZN 498.598 mln, authorized capital climbed 20% to AZN 240 mln.

Income made AZN 280.152 during the same period, down 6.87% from year ago, expenditure gained 5.8% to settle at AZN 184.869 mln. Profit declined 24% to AZN 95.283 mln.

IBA has been in existence since 1992. The bank operates 37 branches, 600 ATMs and 2 882 POS-terminals.
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