Bank Of Baku

IBA-Moscow’s Yekaterinburg branch gets 51% rise in assets year–on-year

<b>IBA-Moscow’s Yekaterinburg branch gets 51% rise in assets year–on-year </b>
# 06 March 2012 08:55 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of early 2102, IBA-Moscow’s Yekaterinburg branch’s assets made RR 1,184.6 mln (AZN 32 mln), up 51.3% from year earlier. According to International Bank of Azerbaijan, branch’s balance profit made RR69.5 mln (AZN 1.98 mln).

Bank says the loan portfolio made RR1, 068.4 mln (AZN 28.9 mln), of which 95.3% was the loans given to legal entities and private entrepreneurs, 4.7% - to consumption loans.

Population’s deposits stood at RR 161.2 mln (AZN 4.4 mln), up 79.7% from previous year. RR 9.5 mln (AZN 257,000) tax (excluding profit tax) was transferred to Yekaterinburg’s budget. Number of plastic cards rose 19.1% to 406. THE branch operates 8 ATMs, POS-terminals in 15 trade and service objects.

Note that, this branch has been in operation since September 1, 2005.
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