Finance

Finance

Bank SilkWay gets 50% rise in assets

10 February 2012 09:12 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As of January 1, 2012, Azerbaijan-based Bank SilkWayâ€™s assets stood at AZN 79.307 mln, up 49% from year earlier.

Bank says loan portfolio dropped 5.6% to AZ 26.929 mln, as well short-term loans rose 75% to AZN 16.078 mln, long-term loans decreased by 50% to AZN 105.508 mln, consumption loans soared 35% to AZN 5.816 mln.

Besides, deposit portfolio rose by 2.9 times to AZN 33.594 mln, including term deposits increased by 2.6 times to AZN 10.431 mln, demand deposits tripled to AZN 23.162 mln, populationâ€™s deposits â€“ by 2.9 times to AZN 9.952 mln.

At the same time, total capital grew 15% to AZN 40.853 mln, as well authorized capital gained 9% to settle at AZN 35.090 mln.

Number of total clients rose 48% to AZN 4,114, as well individuals increased by 52% to AZN 7,800, legal entities decreased by 8.7% to 315.

Number of active plastic cards rose 25% to 6,995, as well debit cards soared 24% to 6,918, credit cards slipped 2.2 times to 77.

Staffs rose 2% to 104 persons, average monthly salary grew up 57% to AZN 2,024.

Remind that, Bank SilkWay has been in operation since 1993. The bank operates 6 branches, 19 ATMs and 45 POS-terminals across the country.