Baku. Elnur Huseynguluyev – APA-Economics. As of January 1, 2011, Azerbaijan-based Xalg Bank’s assets stood at AZN 650.790 mln, up 29% from year earlier.
Bank says deposit portfolio rose 57.4% to AZN 445.781 mln, including population’s deposit soared 19.9% to AZN 31.643 mln, loan portfolio increased by 6.6% to AZN 494.716 mln, as well consumer lending climbed 32.6% to AZN 17.137 mln. Total capital gained 19% to AZN 90.561 mln, including authorized capital grewt 36% to AZN 72.828 mln.
Income rose 26.2% to AZN 52.318 mln, expenditure climbed 67.7% to AZN 38.887 mln. Bank profit sliped 26.4% to AZN 13.431 mln.
Xalg Bank has been in operation since 2004. The bank operates 12 branches, 28 ATMs and 45 POS-terminals across the country.
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