Bank Of Baku

Azerbaijan Industry Bank gets 53% rise in profit year-on-year

Azerbaijan Industry Bank gets 53% rise in profit year-on-year
# 14 April 2011 09:07 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of April 1, 2011, Azerbaijan Industry Bank’s assets stood at AZN 189.4 mln, up 78% compared to a year ago.
Bank says loan portfolio rose 53% to AZN 97.8 mln, including consumption loan soared 97% to AZN 57.8 mln, deposit portfolio increased by 2.3 times to AZN 131.1 mln.
Bank’s total capital surged 8% to AZN 26.8 mln, including authorized capital added 9% to AZN 24.0 mln. Note that, total income grew 26% to AZN 3.6 mln, total expenditure climbed 7% to AZN 3.1 mln. Net profit stood at AZN 0.5 mln.
Besides, number of customers rose 41% to 31, 723, plastic cards soared 58% to AZN 18,744.
Bank established 10 ATMs and 41 POS-terminals.
Remind that, Azerbaijan Industry Bank has been in operation since 1996. The bank operates 8 branches, 32 ATMs and 299 POS-terminals across the country.
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