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Deloit & Touch CIS Company affirms financial report of IBA-Moscow bank

03 August 2011 10:14 (UTC +04:00)

Baku. Ali Ahmedov â€“ APA-Economics. One of the worldâ€™s greatest auditor companies Deloit & Touch CIS organization has affirmed the financial report of International Bank of Azerbaijan â€“ Moscow prepared on 2010â€™s outcomes.

Bank says, all financial indexations improved during 2010. According to financial report, bank assets rose RR 3,479.6 mln or 24.4% to RR 17.767.8 mln at the end of the year.

Net assets reached RR 1,123.9 mln.

Bankâ€™s loan portfolio soared 24.5% to RR 11,824.9 mln, and its share in total assets made 66.5%. Share of legal entities in loan portfolio is 90%.

Customersâ€™ funds surged 31.9% to RR 5,119.1 mln, Moneys of corporative clients stood at RR 2,927 mln, retail clients â€“ at RR 2,192 mln.

Interest income climbed 51.8% to RR 1,899.1 mln, non-interest income gained 32% to RR 198 mln. At the same time, bankâ€™s net profit increased by 53.2% to RR 54.7 mln (pre-tax â€“ RR 106.7 mln).

IBA-Moscow is also active operator of interbanks loan market. Bankâ€™s credits in interbanks loan market rose 36.1% to RR 11,445 mln. At the same time, club contracts were signed for involving of $15 mln. Participators of this contract were Â«Raiffeisen Zentral Bank Osterreich AGÂ», Â«RayffayzenbankÂ» QSC, OTP Â«Bank PlcÂ», Â«OTP BankÂ».

THE bank has implemented 115,000 money transfers in amount of $ 106 mln between Azerbaijan and Russia, last year. Card emission on Visa and MasterCard systems reached 26,000. Bank has established 173 POS-terminals and 40 ATMs. At the same time, bankâ€™s sale network includes 2 branches, offices in Saint Petersburg and Yekaterinburg, as well 8 sections in Moscow. Service points increased to 14.