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Access Bank gets 33% increase in profit

07 February 2011 13:02 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As of January 1, 2011, Azerbaijan-based Access Bankâ€™s assets stood at AZN 373.020 mln, up 21.4% from year earlier.

Bank says deposit portfolio extended 82% to AZN 91.189 mln, including populationâ€™s deposit made AZN 85.278 mln, term deposit stood at AZN 74.629 mln, demand deposit - at AZN 10.649 mln. Loan portfolio soared 14% to AZN 271.821 mln, as well consumer lending surged 35.5% to AZN 22.405 mln, overdue credits made AZN 3.332 mln.

Total capital increased by 34% to AZN 83.746 mln, including authorized capital by 2.1 times to AZN 41.8 mln.

Note that, total income grew 29.3% to AZN 89.666 mln, expenditure gained 27.81% to AZN 63.099 mln. Profit advanced 33% to AZN 26.567 mln.

Remind that, Access Bank has been inn operation since 2002. The bank operates 28 branches, 29 ATMs and 49 POS-terminals across the country.