Bank Of Baku

United Credit Bank increases assets by 26% last year

United Credit Bank increases assets by 26% last year
# 30 January 2012 12:20 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of January 1, 2012, United Credit Bank’s assets made AZN 56.524 mln, up 26% compared to last year.

Loan portfolio of the bank during the reporting period rose 46% to AZN 47.77 mln, consumption loans grew by 12% to AZN 15.307 mln, deposit portfolio extended 70% to AZN 27.668 mln, term deposits rose 19.4% to AZN 18.423 mln, demand deposits rose 675 to AZN 9.245 mln, population deposits increased by 2.1 times to AZN 21.093 mln.

Total capital decreased by 18.5% to AZN 11.290 mln during the same period, as well as authorized capital rose 17% to AZN 14.108 mln.

Remind that, United Credit Bank was established in 1996 as Rossiyskiy Kredit, in 1998 it changed the brand. The bank operates 6 branches, 5 ATMs, 39 POS-terminals and 128 employees across the country.
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