Bank Of Baku

Zamin Bank gets rise in profit year-on-year

Zamin Bank gets rise in profit year-on-year
# 04 August 2011 14:48 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. As of July 1, 2011, Azerbaijan-based Zamin Bank’s asset stood at AZN 285.049 mln, up 43% fro year earlier.

Bank says the loan portfolio rose 34.9% to AZN 183.289 mln, deposit portfolio increased by 69% to AZN 64.662 mln.

Total capital soared 46.7% to AZN 27.461 mln, as well authorized capital surged 57% to AZN 20.722 mln.

Incomes made AZN 18.449 mln, expenditure – AZN 16.274 mln, up 90.4% and 78.4% inh comparison to a year earlier.

Bank’s profit made AZN 2.176 mln, which exceeds by 3.8 times last year’s index.

Remind that, Zamin Bank has been in operation since 1992. THE bank operates 37 branches, 37 ATMs and 1,891 POS-terminals across the country.
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