Bank Of Baku

Royal Bank gets decline in financial performances

Royal Bank gets decline in financial performances
# 19 January 2012 13:11 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of January 1, 2011, Azerbaijan-based Royal Bank’s assets stood at AZN 190.735 mln, up 9.8% from year earlier.

Bank says loan portfolio rose 4.9% to AZN 131.143 mln, deposit portfolio increased by 23% to AZN 84.271 mln. Total capital decreased by 18% to AZN 18.749 mln, as well authorized capital remained unchanged at AZN 22.139 mln.

Bank’s clients soared 49.3% to 77,868, including individuals surged 50% to 75,326, legal entities – 22% to 2,542, as well active plastic cards tripled to 52,949, including debit cards rose by 3.2 times to 50,280, credit cards climbed 3.5% to 2,129.

At the same time, staffs dropped 9% to 566, average monthly salary increased by 40% to AZN 787.

Remind that, Royal Bank has been in operation since 1993. The bank operates 32 branches, 31 ATMs and 113 POS-terminals across the country.
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