ASB Bank increases loan portfolio by 79% last year

Baku. Elnur Huseynguluyev – APA-Economics. As of January 1, 2012, assets of Azerbaijan Industry Bank made AZN 155 mln, up 19% compared to last year.
During the reporting period, loan portfolio rose 79% to AZN 133.4 mln, consumption loans increased by 111% to AZN 83.3 mln, deposit portfolio soared 5% to AZN 83.0 mln. Number of customers rose 36% to 39,141 during the same period, number of plastic cards grew by 30% to 20,984.
Total incomes rose 47% to AZN 18.4 mln, expenses increased by 29% to AZN 14.7 mln. So, net profit made AZN 3.7 mln.
Total capital grew by 10% to AZN 28.6 mln, authorized capital rose 95 to AZN 24.0 mln.
Remind that, ASB Bank was established in 1996. It operates 9 branches, 1 department 35 ATMs and 337 POS-terminals across the country.
During the reporting period, loan portfolio rose 79% to AZN 133.4 mln, consumption loans increased by 111% to AZN 83.3 mln, deposit portfolio soared 5% to AZN 83.0 mln. Number of customers rose 36% to 39,141 during the same period, number of plastic cards grew by 30% to 20,984.
Total incomes rose 47% to AZN 18.4 mln, expenses increased by 29% to AZN 14.7 mln. So, net profit made AZN 3.7 mln.
Total capital grew by 10% to AZN 28.6 mln, authorized capital rose 95 to AZN 24.0 mln.
Remind that, ASB Bank was established in 1996. It operates 9 branches, 1 department 35 ATMs and 337 POS-terminals across the country.
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