AccessBank sees 16% rise in assets

AccessBank sees 16% rise in assets
# 27 April 2011 08:57 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of April 1, 2011, Azerbaijan’s AccessBank’s assets stood at AZN 374.787 mln, up 15.5% compared to a year ago.

Bank says that loan portfolio rose 5.7% to AZN 264.563 mln, consumer loans rose 38.6% to AZN 23.031 mln, deposit portfolio extended 60% to AZN 98.893 mln, household deposits increased by 64.3% to AZN 91.443 mln.

Total capital increased by 28.4% to AZN 86.455 mln, authorized capital remained unchanged at AZN 41.800 mln.

Total revenues rose 9.4% to AZN 21.854 mln, expenditures rose 22% to AZN 17.115 mln, bank’s profit decreased by 20% to AZN 4.740 mln.

5 additional branches have been opened, 4 ATMs and 4 POS-terminals had been installed.

Remind that, AccessBank has been in operation since 2002. The bank operates 28 branches, 29 ATMs and 52 POS-terminals.
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