Bank Of Baku

Gunaybank gets 10% rise in assets

Gunaybank gets 10% rise in assets
# 01 June 2011 13:08 (UTC +04:00)
Baku. Huseynguluyev - APA-Economics. As of April 1, 2011, Gunaybank’s assets stood at AZN 36.398 mln, up 10% from a year ago.

Bank says deposit portfolio decreased by 5% to AZN 8.784 mln, loan portfolio rose 3.7% to AZN 29.576 mln, consumption loans rose 20% to AZN 28.851 mln.

Total capital decreased by 7.2% to AZN 14.558 mln, authorized capital – 20% to AZN 13.024 mln.

Note that, total incomes rose 3.4 times to AZN 1.710 mln, expenses slipped 22.2% to AZN 515 mln. Profit made AZN 1.195 mln.

Number of clients rose 8.7% to 2,633, employees (39 persons) and average monthly salary (AZN 300) remained unchanged.

Remind that, Gunaybank has been in operation since 1992. The bank operates 1 branch, 1 ATMs and 1 POS-terminal.
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