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Azerbaijan Industry Bank sees 47% rise in assets year-on-year

Azerbaijan Industry Bank sees 47% rise in assets year-on-year

04 November 2011 07:23 (UTC +04:00)

Baku. Elnur Huseynguluyev - APA-Economics. As of October 1, 2011, Azerbaijan Industry Bankâ€™s assets made AZN 164.711, up 47% compared to last year.

Deposit portfolio rose 49.4% to AZN 9.523 mln, loan portfolio â€“ 75% to AZN 129.1 mln. Total capital increased by 7.4% to AZN 27.757 mln, authorized capital rose 9.1% to AZN 24 mln.

Remind that, Azerbaijan Industry Bank started to operate in 1996 as CI Bank and changed the brand in 2006. The bank operates 9 branches, 32 ATMs and 330 POS-terminals across the country.

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