Unibank increases short-term lending sharply

Unibank increases short-term lending sharply
# 26 April 2011 08:34 (UTC +04:00)
Baku. ELnur HUseynguluyev – APA-Economics. As of April 1, 2011, Azerbaijan-based Unibank’s loan portfolio stood at AZN 246.281 mln, up 11.59% from year earlier.

Bank says the loans by 12 months rose by 15 times to AZN 27.286 mln, loan for over 12 months increased by 0.4% to AZN 218.995 mln, consumer lending soared 6.4% to AZN 138.884 mln.

Loan given through AMF surged 80% to AZN 11.689 mln, loan given through its own program dropped 12% to ANZ 27.211 mln.

Remind that, Unibank has been in operation since 1992. The bank operates 24 branches.
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