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Azerbaijan Industry Bank increases assets by 75% year-on-year

Azerbaijan Industry Bank increases assets by 75% year-on-year

15 November 2011 13:20 (UTC +04:00)

Baku. Elnur Huseynguluyev - APA-Economics. As of October 1, 2011, Azerbaijan Industry Bankâ€™s loan portfolio made AZN 129.1 mln, up 75% compared ot last year.

During the reporting period, the volume consumer loans increased by 2.2 times to AZN 78.673 mln, mortgage loans (via AMF) rose 10.4% to AZN 573.86 mln.

Deposit portfolio extended 49% to AZN 94.523 mln, as well as term deposits soared 2.4 times to AZN 40.273 mln, population deposits dropped 245 to AZN 8.474 mln.

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

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