Bank Of Baku

AtaBank increases profit sharply

AtaBank increases profit sharply
# 29 April 2011 11:27 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of April 1, 2011, Azerbaijan-based AtaBank’s assets stood at AZN 202.862 mln, up 0.9% compared with a year ago.

Bank says the loan portfolio rose 7.4% to AZN 131.596 mln, consumer lending increased by 28% to AZN 37.173 mln, deposit portfolio extended 17% to AZN 16.305 mln and population’s deposit went down 6.6% to AZN 77.459 mln.

Total capital increased by 28% to AZN 27.002 mln, authorized capital by 67% to AZN 25 mln.

Income went down 1.6% to AZN 5.334 mln, expenditure decreased by 7.5% to AZN 4.979 mln. Profit climbed 9.3% to AZN 355 mln.

Remind that, AtaBank is in operation since 1993. The bank operates 23 branches, 59 ATMs, 308 POS-terminals and 276 employees across the country.
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