Finance

Home page

Finance

AGBank gets 32% decline in profit

19 January 2011 14:46 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As of January 1, 2011, Azerbaijan-based AGBankâ€™s assets stood at AZN 249.209 mln, up 4.03% compared to 2010.

Bank says the deposit portfolio extended 9.59% to AZN 127.667 mln, including populationâ€™s deposit rose 11.30% to AZN 114.853 mln, term deposit increased by 15.13% to AZN 94.860 mln, demand deposit decreased by 3.79% to AZN 32.807 mln.

Loan portfolio soared 3.13% to AZN 192.391 mln, including consumer lending slid 12.33% to AZN 10.955 mln, loan for 12 months surged 40.10% tom AZN 17.155 mln, loan for over 12 months advance 5.14% to AZN 131.721 mln, mortgage loan gained 45.74% to settle at AZN 21.965 mln, including loan given through AMF ended up 67.41% to AZN 20.587 mln.

Total capital climbed 11.77% to AZN 35.544 mln, including authorized capital surged 23.71% to AZN 18.557 mln.

Income made AZN 38.769 mln in 2010, up 5.63% from 2010, expenditure stood at AZN 38.838 mln, upper 6.12% than in 2010. Profit fell 32% to AZN 69 000.

Staffs advanced 5.73% to 498, average monthly salary raised 3.45% to AZN 900.

AGBank has been in operation since 1992. The bank operates 16 branches, 55 ATMs and 371 POS-terminals across the country.