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IBA sees 27% rise in deposit portfolio last year

<b>IBA sees 27% rise in deposit portfolio last year </b>

23 February 2012 07:45 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As of January 1, 2012, assets of the International bank of Azerbaijan made AZN 5,013.836 mln, down 9.3% compared to last year.

During the reporting period, loan portfolio of the bank dropped 16% to AZN 3,155.518 mln, as well as consumer loans soared 1.8% to AZN 381.264 mln, deposit portfolio rose 27% to AZN 2,509.182 mln, population deposits increased by 35% to AZN 968.996 mln.

Total capital grew by 1% to AZN 512.738 mln, authorized capital remained unchanged at AZN 240 mln.

Note that, last year, total incomes f the bank made AZN 78.173 mln, expenses â€“ AZN 70.422 mln.

Remind that, IBA has been in operation since 1992. It has 37 branches, 630 ATMs and 3,795 POS-terminals across the country.

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