Bank Of Baku

Bank of Baku doubles profit last year

Bank of Baku doubles profit last year
# 02 February 2011 11:40 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of January 1, 2011, Azerbaijan-based Bank of Baku’s assets stood at AZN 245.126 mln, up 31% to AZN from year ago.

Bank says loan portfolio soared 39% to AZN 179.737 mln, including consumer lending surged 60% to AZN 158.315 mln, deposit portfolio climbed 62% to AZN 153.113 mln.

Total capital increased by 22.3% to AZN 40.181 mln, authorized capital gained 89% to AZN 12.852 mln.

Note that, income advanced 34% to settle at AZN 51.026 mln, expenditure grew 18% to AZN 37.597 mln. Profit rose by 2.2 times to AZN 13.429 mln.

Remind that, Bank of Baku has been in operation since 1994. The bank operates 16 branches, 25 ATMs and 181 POS-terminals across the country.
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