Bank Of Baku

Xalg Bank’s increases crediting by 42% this year

Xalg Bank’s increases crediting by 42% this year
# 10 November 2010 14:09 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of October 1, 2010, Azerbaijan-based Xalg Bank’s assets stood at AZN 511.713 mln, up 16% compared with a year ago.

Bank says the deposit portfolio rose 5.3% to AZN 315.843 mln, population’s deposit soared 17.55 to AZN 235.358 mln, loan portfolio extended 42% to AZN 458.583 mln, consumer lending advanced 14% to AZN 14.969 mln. Total capital surged 19% to AZN 83.607 mln, including authorized capital raised 36% to AZN 72.828 mln.

Income climbed 39% to AZN 41.236 mln, expenditure increased by 2.1 times to AZN 34.312 mln. Profit slid 48% to AZN 6.924 mln.

Staffs gained 37% to AZN 14 939.

Xalg Bank has been in operation since 2004. The bank operates 12 branches, 28 ATMs and 44 POS-terminals across the country.
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