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Expressbank increases volume of population deposits by 2 times

Expressbank increases volume of population deposits by 2 times

31 January 2012 07:51 (UTC +04:00)

Baku. Elnur Huseynguluyev - APA-Economics. As of January 1, 2012, Expressbankâ€™s loan portfolio made AZN 81.441 mln, up 65% compared to last year.

During the reporting period, short-term loans rose 77% to AZN 52.847 mln, long-term loans grew by 46% to AZN 28.594 mln, consumption loans increased by 30% to AZN 16.429 mln.

Deposit portfolio dropped 0.1% to AZN 74.247 mln, term deposits rose 56.4% to AZN 74.247 mln, demand deposits decreased by 12% to AZN 53.904 mln, population deposits grew by two times to AZN 24.101 mln.

Remind that, Expressbank has been in operation since 1989 until 2010 as AzÉ™rnÉ™qliyyatbank. It operates 10 branches, 33 ATMs, 23 POS-terminals and 247 employees across the country.

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