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United Credit Bank gets 30% rise in term deposits

18 November 2010 13:42 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As of November 1, 2010, Azerbaijan-base United Credit Bankâ€™s assets stood at AZN 40.733 mln, up 10.2% compared with a year ago.

Bank says the loan portfolio rose 8.2% to AZN 31.795 mln, consumer lending increased by 13.2% to AZN 14.050 mln. Deposit portfolio soared 15% to AZN 13.416 mln, including term deposit surged 29% to AZN 10.746 mln, demand deposits made AZN 2.670 mln.

Deposit of individuals in term deposit climbed 9.5% to AZN 7.328 mln, deposits of legal entities increased by 2.1 times to AZN 3.418 mln.

Deposit of individuals in demand deposit made AZN 1.278 mln, deposits of legal entities stood at AZN 1.310 mln.

Total capital slipped 2.2% to AZN 12.628 mln, including authorized capital remained unchanged at AZN 12.108 mln.

Income gained 8.1% to settle at AZN 4.712 mln, expenditure ended up 16.2% to AZN 5.789 mln.

United Credit Bank has been in operation since 1996. The bank operates 5 branches, 5 ATMs and 39 POS-terminals across the country.