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United Credit Bank gets 6% rise in assets

16 December 2010 14:23 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As of December 1, 2010, Azerbaijan-based United Credit Bankâ€™s assets stood at AZN 40.968 mln, up 6.1% compared to a year.

Bank says the loan portfolio rose 8.4% to AZN 31.840 mln, consumer lending soared 12..6% to AZN 13.857 mln. Deposit portfolio extended 1% to AZN 11.838 mln, term deposits advanced 15% to settle at AZN 9.886 mln, required deposit slid 38% to ANZ 1.951 mln.

Individualsâ€™ term deposit surged 15% to AZN 7.935 mln, legal entitiesâ€™ term deposit doubled to AZN 3.418 mln. At the same time, individualsâ€™ required deposits climbed 16% to AZN 1.207 mln, legal entitiesâ€™ deposits dropped 67% to AZN 0.666 mln.

Total capital ended up 1.1% to AZN 12.943 mln, including authorized capital remained unchanged at AZN 12.108 mln.

Income gained 11.5% to AZN 5.244 mln, expenditure increased by 8.8% to AZN 6.024 mln.

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