Bank Of Baku

Baku branch of Melli Iran Bank gets 40% rise in assets

Baku branch of Melli Iran Bank gets 40% rise in assets
# 10 November 2010 09:47 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of October 1, 2010, the assets of Baku branch of Melli Iran Bank stood at ANZ 42.679 mln, up 39% compared with a year ago.

Bank says the deposit portfolio rose 12.3% to AZN 4.754 mln, population’s deposit made AZN 2.359 mln, loan portfolio increased by 12% to AZN 7.743 mln, consumer lending soared 21.3% to AZN 4.182 mln.

Total capital surged 20% to AZN 14.824 mln, authorized capital climbed 46% to AZN 14.631 mln.

Note that income made AZN 3.259 mln during the same period, up 12% from year earlier, expenditure rose 84% to AZN 3.551 mln. Loss made AZN 292 000 in 2010, profit made AZN 969.91 thousand in 2009.

Staffs gained 9% to settle at 25, average monthly salary increased by 2.7 times to AZN 1 217.

Bank Melli Iran has been in operation since 1994. The bank operates 4 ATMs and 1 POS-terminal.
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