Bank Of Baku

«Bank of Azerbaijan» gets profit in 2010

«Bank of Azerbaijan» gets profit in 2010
# 28 January 2011 14:42 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of January 1, 2011, Azerbaijan based Bank of Azerbaijan’s assets stood at AZN 146,861 mln, up 0.3% compared to the previous year.

Bank says deposit portfolio slipped 6.7% to AZN 66.795 mln, including population’s deposit slid 17.6% to AZN 39.795 mln, loan portfolio rose 12.1% to AZN 133.916 mln, including consumer lending fell 15.2% to AZN 22.800 mln. Total capital decreased 35.3% to AZN 11.854 mln, including authorized capital soared 57% to AZN 23.5 mln.

Income advanced 3.4% to AZN 18.108 mln, expenditures went down 0.3% to 17.511 mln. Profit made AZN 596.405 thousands.

Remind that, Bank of Azerbaijan has been in existence since 1993. the bank operates 13 branches, 28 ATMs and 162 POS-terminals.
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