Ganjabank sees 16% rise in assets year-on-year

Ganjabank sees 16% rise in assets year-on-year
# 27 October 2011 13:46 (UTC +04:00)
Baku. Elnur HUseynguluyev – APA-Economics. As of October 1, 2011, Azerbaijan-based Ganjabank’s assets stood at AZN 47.324 mln, up 16% from year earlier.

Bank says loan portfolio rose 28% to AZN 37 mln, deposit portfolio extended 52% to AZN 4.714 mln.

Total capital soared 13% to AZN 16.688 mln, as well authorized capital remained unchanged at AZN 15 mln.

Number of clients increased by 26% to 2,823, including individuals rose 25% to 2,458, legal entities – 32% to 365. At the same time, active plastic cards rose 16% to 623, staffs decreased by 5.5% to 69.

Remind that, Ganjabank has been in operation since 1994. The bank operates 5 branches, 6 ATMs and 16 POS-terminals across the country.
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