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Amrahbank gets 21% rise in loan portfolio

11 February 2011 12:35 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As of January 1, 2011, Azerbaijan-based Amrahbankâ€™s assets stood at AZN 78.656 mln, down 22.7% from year earlier.

Bank says loan portfolio rose 20.4% to AZN 48.026 mln, including consumer lending soared 12.1% to AZN 28.667 mln, loan given for until 12 months decreased by 7.7% to AZN 13.960 mln, over 12 months â€“ soared 37.5% to AZN 34.065 mln, overdue credits increased by 3.7 times to AZN 2.377 mln. Deposit portfolio grew 6.3% to AZN 43.754 mln, as well populationâ€™s deposit climbed 19.2% to AZN 28.892 mln, term deposit advanced 12.4% to AZN 27.257 mln, and demand deposit slipped 7.6% to AZN 15.642 mln.

Total capital gained 0.7% to AZN 20.796 mln, as well authorized capital surged 12.2% to AZN 14.387 mln.

Income ended up 10.9% to AZN 13.979 mln, expenses grew 25.5% to AZN 13.623 mln. Profit dropped 4.9 times to AZN 356 000.

Remind that, Amrahbank has been in operation since 1993. The bank operates 22 branches, 22 ATMs and 55 POS-terminals across the country.