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Amount of populationâ€™s deposits in IBA increases sharply year-on-year

Amount of populationâ€™s deposits in IBA increases sharply year-on-year

14 November 2011 07:48 (UTC +04:00)

Bank says that loan portfolio decreased by 22% to AZN 3,064.096 mln, consumer loans rose 1.9% to AZN 384.104 mln, deposit portfolio went down 10.9% to AZN 2,241.737 mln, populationâ€™s deposits rose 81% to AZN 866.847 mln.

Total capital went up 1% to AZN 503.027 mln, authorized capital remained unchanged at AZN 240 mln.

Note that, recently, bankâ€™s gross incomes decreased by 63% to AZN 103.893 mln, expenditures dropped 48% to AZN 96.840 mln. Consequently, bankâ€™s profit decreased by 82% to AZN 7.053 mln.

Remind that, IBA has been in operation since 1992. The bank operates 37 branches, 623 ATMs, 3,668 POS-terminals across the country.

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