Bank Of Baku

Bank Avrasiya gets 40% rise in assets year-on-year

Bank Avrasiya gets 40% rise in assets year-on-year
# 20 July 2011 10:43 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of July 1, 2011, Azerbaijan-based Bank Avrasiya’s assets stood at AZN 64.351 mln, up 40% from year earlier.

BANk says the loan portfolio rose 2.7% to AZ 21.300 mln, as well consumer lending decreased by 6.7% to AZN 2.284 mln, deposit portfolio extended 86% to AZN 35.341 mln, including population’s deposits soared 83% to AZN 33.654 mln.

Total capital dropped 3.2% to AZN 119.778 mln, authorized capital remained unchanged at AZN 20 mln.

Note that, income surged 12.3% to AZN 2.212 mln, expenditure – increased by 42% to AZN 2.796 mln. Consequently, loss made AZN 0.584 mln, down by 5 times compared to a year earlier.

Remind that, Bank Avrasiya obtained licence in November, 2007. As of July 1, 2011, number of clients made 1,819, plastic cards – 1,083, staffs – 45. The bank operates 1 branch, 4 ATMs and 30 POS-terminals.
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