Bank Of Baku

IBA increases amount of population’s deposits

IBA increases amount of population’s deposits
# 24 August 2011 08:40 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of July 1, 2011, IBA’s assets stood at AZN 4,951.302 mln, down 6.65 from a year earlier.

Bank says that loan portfolio decreased by 26% to AZN 3,011.427 mln, consumer loans rose11.3% to AZN 400.865 mln, deposit portfolio went down 18.8% to AZN 2,287.789 mln, population’s deposits rose 84% to AZN 804.397 mln.

Total capital went up 21% to AZN 498.018 mln, authorized capital remained unchanged at AZN 240 mln.

Note that, recently, bank’s gross incomes decreased by 6.3% to AZN 170.829 mln, expenditures soared 34% to AZN 161.399 mln. Consequently, bank’s profit decreased by 70% to AZN 9.430 mln.

Number of active plastic cards rose 5% to 1,800,778, employees remained unchanged.

Remind that, IBA has been in operation since 1992. The bank operates 37 branches, 618 ATMs, 3,613 POS-terminals across the country.
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