Bank Of Baku

United Credit Bank increases deposit portfolio by 33% year-on-year

United Credit Bank increases deposit portfolio by 33% year-on-year
# 04 November 2011 08:33 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of October 1, 2011, United Credit Bank’s assets made AZN 45.523 mln, up 14% from a year earlier.

Loan portfolio rose 12% to AZN 35.387 mln, consumer loans increased by 275 to AZN 15.249 mln, deposit portfolio extended 33% to AZN 17.901 mln, population deposits rose 35% to AZN 11.885 mln.

Total capital increased by 7.5% to AZN 13.313 mln, authorized capital made AZN 12.108 mln.

Remind that, United Credit Bank was established in 1996. It operates 6 branches, 5 ATMs, 39 POS-terminals and 127 employees across the country.
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