Bank Of Baku

NBC Bank increases deposit portfolio sharply

NBC Bank increases deposit portfolio sharply
# 10 August 2011 15:05 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. As of July 1, 2011, NBC Bank’s assets stood at AZN 55.676 mln, up 19% from year earlier.

Loan portfolio rose 15.1% to AZN 46.060 mln, deposit portfolio increased by 2.6 times to AZN 17.429 mln.

Total capital soared 14.8% to AZN 18.763 mln, as well authorized capital surged 3% to AZN 16.071 mln.

Total income made AZN, expenditure – AZN 3.256 mln. Consequently, profit reached AZN 709,000.

Remind that, NBC Bank has been in operation since 1992. The bank operates 7 branches, 6 ATMs and 35 POS-terminals across the country.
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