Expressbank increases Q1 assets by 24%

Expressbank increases Q1 assets by 24%
# 20 April 2011 08:13 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of April 1, 2011, Azerbaijan-based Expresbank’s assets stood at AZN 173.681 mln, up 24.1% compared to a year ago.

Bank says the loan portfolio rose 80% to AZN 48.264 mln, deposit portfolio slid 5.73% to AZN 105.812 mln.

Total capital soared by 2.3 times to AZN 61.096 mln, including authorized capital doubled to AZN 51 mln.

Number of clients increased by 21% to 31,157, including individuals rose 21.6% to 30,969, legal entities dropped 33% to 188. At the same time, active plastic cards surged 13.3% to 13,479, including debit cards grew 12% to 23,461 and credit cards reached 288.

Besides, bank established 2 branches, 12 ATMs and 10 POS-terminals.

Remind that, Expressbank has been in operation since 1989. The bank operates 10 branches, 32 ATMs and 11 POS-terminals across country.
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