Bank Of Baku

Gunay Bank increases assets by 14% in 2011

Gunay Bank increases assets by 14% in 2011
# 21 February 2012 09:49 (UTC +04:00)
Baku. Huseynguluyev - APA-Economics. As of January 1, 2012, Gunay Bank’s assets made AZN 37.545 mln, up 13.7% from a year earlier.

During the reporting period, loan portfolio of the bank dropped 4.1% to AZN 26.836 mln, deposit portfolio rose 23% to AZN 9.418 mln.

Total capital soared 14% to AZN 12.064 mln, authorized capital remained unchanged at AZN 13.024 mln.

Note that, total incomes of the bank within last year increased by 1% to AZN 5.644 mln, expenses rose 21% to AZN 2.214 mln. In 2011, the volume of the profit made AZN 1.453 mln.

Gunay Bank has been in operation since 1992.
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