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Azerbaijan Industry Bank gets 18% rise in loan portfolio

31 January 2011 08:45 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As of January 1, 2011, Azerbaijan-based Azerbaijan Industry Bankâ€™s assets stood at AZN 129.950 mln, down 0.5% compared to a year ago.

Bank says deposit portfolio decreased by 1.3% to AZN 97.248 mln, loan portfolio soared 18% to AZN 72.039 mln, including consumer lending surged 50% to AZN 40.032 mln. Total capital rose 4.8% to AZN 25.908 mln, authorized capital advanced 11% to AZN 22.114 mln.

Note that, income dropped 7.6% to AZN 12.424 mln, expenditures slipped 0.9% to AZN 11.229 mln. Profit declined 44% to AZN 1.194 mln, net profit made AZN 1.122 mln.

Besides, bank established 6 ATMs and 33 POS-terminals. Staffs rose 2% to 153.

Remind that, AIB has been in operation since 1996. The bank operates 8 branches, 29 ATMs and 290 POS-terminals across the country.