Bank Avrasiya sees 30% rise in assets

Bank Avrasiya sees 30% rise in assets
# 15 April 2011 09:35 (UTC +04:00)
Baku. ELnur Huseynguluyev – APA-Economics. As of April 1, 2011, Azerbaijan-based Bank Avrasiya’s assets stood at AZN 64.276 mln, up 30% from year earlier.

Bank says loan portfolio rose 13.7% to ZAN 17.666 mln, including consumption loan decreased by 62% to AZN 1.970 mln, deposit portfolio extended 63% to AZN 38.888 mln, population’s deposit made AZN 33.196 mln.

Total capital declined 5.04% to AZN 19.267mln, including authorized capital remained unchanged at AZN 20 mln.

Note that, income soared 28.6% to AZN 1.200 mln, expenditure rose by 2.2 times to AZN 2.344 mln. Bank’s loss made AZN 1.143 mln in January-March, 2011, up 7.7 times on a year ago.

Remind that, Bank Avrasiya has been in operation since 2007. The bank operates 1 branch, 4 ATMs and 23 POS-terminals across the country.
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