Bank Of Baku

Birlik Bank increases assets by 3%

Birlik Bank increases assets by 3%
# 20 December 2010 12:40 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of December 1, 2010, Azerbaijan-based Birlik Bank’s assets stood at AZN 53.775 mln, up 3.03% compared to a year ago.

Bank says te deposit portfolio decreased by 2.4% to AZN 1 mln, population’s deposit slipped 17% to AZN 53.310 thousand. Loan portfolio soared 10.3% to AZN 36.293 mln, including consumer lending dropped by 8 times to AZN 520.330 thousand. Total capital surged 5.5% to AZN 20.058 mln, authorized capital remained unchanged at AZN 16 mln.

Note that, revenue made AZN 3.037 mln during the same period, down 44% compared to a year ago, expenditure slid 64% to AZN 1.680 mln. Profit gained 70% to AZN 1.357 mln.

Staffs fall 20% to 35, average monthly salary rose 13% to AZN 169.

Owned by 20 individuals Birlik Bank has been in existence since 1993. The bank operates 3 branches across the country.
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