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AGBank sees 18% rise in deposit portfolio year-on-year

AGBank sees 18% rise in deposit portfolio year-on-year

02 September 2011 08:32 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As of July 1, 2011, AGBankâ€™s deposit portfolio stood at AZN 153.019 mln, up 185 from a year ago.

Term deposits rose 18.1% to AZN 108.796 mln, demand deposits increased by 17.5% to AZN 44.223 mln, populationâ€™s deposits soared 17.9% to AZN 108.369 mln.

Bank’s foreign liabilities dropped 24.4% to AZN 11.050 mln.

Remind that, AGBank has been in operation since 1992. The bank operates 16 branches, 53 ATMs, 403 POS-terminals and 513 employees across the country.

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