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Gunaybank sees 11% rise in profit year-on-year

Gunaybank sees 11% rise in profit year-on-year

14 November 2011 07:52 (UTC +04:00)

Baku. Huseynguluyev - APA-Economics. As of October 1, 2011, Gunaybankâ€™s assets made AZN 36.404 mln, up 3% from a year earlier.

Bank says during reporting period, loan portfolio decreased by 15.85 to AZN 26.802 mln, deposit portfolio rose 285 to AZN 9.197 mln.

Total capital went down 145 to AZN 11.710 mln, as well as authorized capital remained unchanged at AZN 13.024 mln.

Note that, bankâ€™s gross incomes increased by 3.3 times to AZN 4.283 mln, expenditures soared 0.8% to AZN 3.170 mln. Consequently, bankâ€™s profit increased by 11% to AZN 1.113 mln.

Remind that, Gunaybank has been in operation since 1992.

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