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Xalg Bank increases Q1 deposit portfolio by 61%

Xalg Bank increases Q1 deposit portfolio by 61%

28 April 2011 08:30 (UTC +04:00)

Baku. Elnur HUseynguluyev â€“ APA-Economics. As of April 1, 2011, Azerbaijan-based Xalg Bankâ€™s deposit portfolio stood at AZN 453.524 mln, up 61% from year earlier.

Bank says term deposits extended 61.2% to AZN 355.960 mln, demand deposits rose 60% to AZN 97.564 mln, and populationâ€™s deposits soared 70% to AZN 364.983 mln.

Investments in security market surged 9.7 times to AZN 1.059 mln.

Remind that, Xalg Bank has been in operation since 2004. The bank operates 12 branches, 29 ATMs and 45 POS-terminals across the country.

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