Bank Of Baku

Eurobank triples profit year-on-year

Eurobank triples profit year-on-year
# 19 November 2010 13:55 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of October 1, 2010, Azerbaijan-based Eurobank’s assets stood at AZN 24.922 mln, up 8.6% compared with a year ago.

Bank says the oan portfolio rose 51.3% to AZN 17.713 mln, consumer lending increased by 44.2% to AZN 5.988 mln. Deposit portfolio decreased by 17% to AZN 448 000, including population’s deposit soared 115 to AZN 242 000. Total capital slipped 13.2% to AZN 5.592 mln, authorized capital remained unchanged at AZN 8.591 mln.

Income surged 32% to AZN 1.445 mln, expenditure slid 11% to AZN 768 000. Profit rose by 22.9 times to AZN 677 000.

Staffs advanced 7.1% to 30, average monthly salary climbed 13% to AZN 300.

Eurobank has been in operation since 1992.
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