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Bank SilkWay increases assets by 6 times

19 January 2011 14:26 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As of January 1, 2011, Azerbaijan-based Bank SilkWayâ€™s assets stood at AZN 250.87 mln, up 5.5 times compared to a year ago.

Bank says the deposit portfolio soared 73.8% to AZN 11.566 mln, populationâ€™s deposit increased by 3.96 times to AZN 3.484 mln, term deposit surged 26.3% to AZN 480 000, demand deposit advanced 40.9% to AZN 7.602 mln.

Loan portfolio rose 8 times to AZN 230.434 mln, including consumer lending gained 30.8% to settle at 4.299 mln, loan for 12 months slid 60.4% to AZN 8.867 mln, loan for over 12 months raised 75 times to AZN 216.349 mln.

At the same time, total capital ended up 58.2% to AZN 35.657 mln, including authorized capital soared 61% to AZN 32.190 mln.

Income climbed 63.7% to AZN 7.899 mln, expenditure approximately doubled to AZN 3.919 mln. Profit made AZN 2.901 mln upper 31.9% than in 2009.

Staffs remained unchanged a 104, average monthly salary rose 53.9% to AZN 1 267.

Remind that, Bank SilkWay has been in operation since 1993. The bank operates 8 branches, 19 ATMs and 30 POS-terminals across the country.