AGBank’s assets increase by 16%

AGBank’s assets increase by 16%
# 26 April 2011 08:14 (UTC +04:00)
Bakı. Elnur Huseynguluyev – APA-Economics. As of April 1, 2011, Azerbaijan’s AGBank’s assets stood at AZN 276.818 mln, up 15.6% compared to a year ago.

Bank says that deposit portfolio extended 21.2% to AZN 144.364 mln, credit portfolio rose 0.9% to AZN 193.524 mln.

Total capital increased by 15.8% to AZN 37.696 mln, authorized capital rose 32.9% to AZN 19.933 mln.

Number of total clients rose 13.2% to 95.204, individuals increased by 13.8% to 90.742, legal entities rose 2.08% to 35.557, debet cards went up 13% to 27.097, credit cards rose 17% to 8.460.

Number of bank’s employees increased by 6.3% to 509, average monthly wages increased by 7.2% to AZN 1.040.

Remind that, AGBank is in operation since 1992. The bank operates 16 branches, 55 ATMs and 377 POS-terminals.
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