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Gunaybank triples consumer lending

14 February 2011 15:18 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As of January 1, 2011, Azerbaijan-based Gunaybankâ€™s assets stood at AZN 33.028 mln, up 5.2% from year ago.

Bank says the loan portfolio rose 2.5% to AZN 27.990 mln, including consumer lending soared by 3.1 times to AZN 3.011 mln, loan given for until 12 months increased by 3.8 times to AZN 29.780 thousand, given for over 12 months grew 2.5% to AZN 27.960 mln, ovberdue credits decreased by 37.3% to AZN 11.600 thousand.

Total capital slipped 15% to AZN 11.071 mln, authorized capital climbed 20% to AZN 13.024 mln.

Income gained 5.2% to AZN 5.614 mln, including interest income surged 5.9% to AZN 5.542 mln, non-interest income dropped 31.2% to AZN 72.03. Loss made AZN 1.522 mln.

Gunaybank has been in operation since 1992. The bank operates 1 branch and 1 POS-terminals across the country.