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Gunaybank sees growth in profit

Gunaybank sees growth in profit

27 August 2011 12:43 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As of July 1, 2011, Azerbaijan-based Gunaybankâ€™s assets stood at AZN 36.954 mln, up 11% compared to a year earlier.

Bank says the loan portfolio decreased by 0.8% to AZN 29.512 mln, deposit portfolio soared 18% to AZN 8.419 mln.

Total capital declined 1.6% tom AZN 15.511 mln, as well authorized capital remained unchanged at AZN 13.024 mln.

Total income 3.3 times to AZN 1.486 mln, expenditure â€“ 57% to AZN 544,000 during the same period. . Consequently, the profit grew 9.1 times to AZN 942,000.

Number of clients rose 9.5% to 2,681, staffs made 39 persons, average monthly salary â€“ AZN 300.

Remind that, Gunaybank has been in operation since 1992. As of April 1, 2011, the bank operates 1 branch, 1 ATM and 1 POS-terminal.

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