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IBA increases consumer lending

09 February 2011 11:29 (UTC +04:00)

Baku. Lnur Huseynguluyev â€“ APA-Economics. As of January 1, 2011, International Bank of Azerbaijanâ€™s assets stood at AZN 5 527.917 mln, up 9% compared to a year ago.

Bank says deposit portfolio dropped 1.2% to AZN 1 972.780 mln, including populationâ€™s deposit made AZN 716.191 mln, term deposit stood at AZN 521.752 mln, demand deposit at AZN 194.439 mln.

Loan portfolio slipped 3.9% to AZN 3 760.812 mln, as well consumer lending soared 12% to AZN 374.618 mln. Total capital advanced 2% to ZN 509.027 mln, including authorized capital remained unchanged at AZN 240 mln.

Note that, income declined 76.5% to AZN 99.206 mln, expenditure slid 76.2% to AZN 63.691 mln. Profit abated 77% to AZN 35.245 mln, net profit made AZN 8.862 mln.

Remind that, IBA has been in operation since 1992. The bank operates 37 branches, 605 ATMs and 2 932 POS-terminals across the country.