Bank Of Baku

Gancabank decreases wages of employees

Gancabank decreases wages of employees
# 26 September 2011 10:13 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan’s Ganjabank has decreased average monthly wage of employees, Head of the Department of Financial Management Afag Jafarova said.

To her, while average monthly wage of employees made AZN 767 in January-June, 2010, during the first Q1 of 2011, this indicator dropped to AZN 381. She linked this reduction with AZN 112 loss of Ganjabank in January-June, 2011.

Remind that, as of July 1, 2011, bank’s assets stood at AZN 45.196 mln, loan portfolio – AZN 30.123 mln, deposit portfolio – AZN 5.345 mln, total capital – AZN 16.484 mln, authorized capital AZN 15 mln. Incomes were equal to AZN 1.707 mln, expenses – AZN 1.819 mln, losses – AZN 112 mln.

Ganjabank has been in operation since 1994. It operates 3 branches, 6 ATMs and 16 POS-terminals, 68 employees across the country.
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