Bank Of Baku

Bank of Azerbaijan sees decline in number of customers

Bank of Azerbaijan sees decline in number of customers
# 24 February 2012 08:20 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of January 1, 2012, assets of Bank of Azerbaijan made AZN 186.156 mln, up 27% compared to last year.

During the reporting period, loan portfolio of the bank rose 13.2% to AZN 151.621 mln, deposit portfolio soared 54% to AZN 102.804 mln, term deposits increased by 53% to AZN 55.528 mln, demand deposits grew by 55% to AZN 47.277 mln, population deposits rose 50% to AZN 59.599 mln.

The number of total customers dropped 27% to 10,829, the number of individuals went down 26% to 9,818, legal entities declined 36% to 1,011.

The number of plastic cards decreased by 6.3% to 7,589, debit cards soared 4% to 6,128, credit cards reduced by 34% to 1,461.

Remind that, Bank of Azerbaijan has been in operation since 1993. It has 15 branches, 29 ATMs, 543 POS-terminals and 280 employees across the country.
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