Bank Of Baku

Bank of Azerbaijan gets 50% growth in deposit portfolio

Bank of Azerbaijan gets 50% growth in deposit portfolio
# 26 May 2011 13:04 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of April 1, 2011, Bank of Azerbaijan’s deposit portfolio stood at AZN 74.286 mln, up 50% from a year ago.

Bank says term deposits rose 24% to AZN 46.653 mln, demands deposits – 2.3 times to AZN 27.633 mln, population’s deposits – 37% to AZN 56.480 mln.

Loan portfolio increased by 13.2% to AZN 135.252 mln.

Remind that, Bank of Azerbaijan has been in operation since 1993. The bank operates 16 branches, 28 ATMs, 274 POS-terminals and 279 employees across the country.
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