Bank Of Baku

Amount of population’s deposits in IBA increases sharply

Amount of population’s deposits in IBA increases sharply
# 12 May 2011 12:59 (UTC +04:00)
Bank says that loan portfolio decreased by 26.9% to AZN 2,879.706 mln, consumer loans made AZN 388.885 mln, deposit portfolio went down 3.7% to AZN 1,911.060 mln, term deposits made AZN 563.372 mln, demand deposits – AZN 175.488 mln, population’s deposits rose 84.2% to AZN 738.860 mln.

Total capital went up 8.98% to AZN 514.985 mln, authorized capital remained unchanged at AZN 240 mln.

Note that, recently, bank’s gross incomes decreased by 2.5% to AZN 84.591 mln, expenditures soared 15.7% to AZN 77.983 mln. Consequently, bank’s profit decreased by 3 times to AZN 6.608 mln.

Number of clients went down 0.5% to 919,942, individuals – 890,039, legal entities – 29,903, active plastic cards – 1,787,351.

Remind that, IBA has been in operation since 1992. The bank operates 37 branches, 610 ATMs, 3,266 POS-terminals and 1,211 employees across the country.
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