Bank Of Baku

Xalg Bank sees 61% rise in deposit portfolio

Xalg Bank sees 61% rise in deposit portfolio
# 27 April 2011 08:03 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of April 1, 2011, Azerbaijan-based Xalg Bank’s assets stood at AZN 73.501 mln, up 26% compared with a year ago.

Bank says deposit portfolio extended 61% to AZN 453.524 mln, loan portfolio rose 24% to AZN 583.834 mln.

Total capital rose 9.3% to AZN 90.899 mln, authorised capital increased by 36% to AZN 72.828 mln.

Number of clients rose 44.07% to 17,127, active plastic cards rose 52% to 9,535.

Note that, Xalg Bank is in operation since 2004. The bank operates 12 branches, 29 ATMs, 45 POS-terminals and 402 employees across the country.
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