Bank Of Baku

IBA-Moscow’s St. Petersburg branch gets 43% rise in assets

<b>IBA-Moscow’s St. Petersburg branch gets 43% rise in assets</b>
# 29 March 2012 10:30 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of beginning of 2012, the International Bank of Azerbaijan-Moscow’s Saint Petersburg branch rose 43.3% to RR 2,674.4 mln (AZN 72.2 mln)

According to IBA press service, the loan portfolio made RR 2,099.9 mln (AZN 56.7 mln), up 31.9% from year earlier.

Deposit portfolio soared 43.3% to RR 580.5 mln (AZN 15,674 mln). Number of clients as legal entities is 800. 21,600 money transfer operations in amount of $ 21.2 mln were conducted. 1,100 plastic cards were issued and reached 6,400.

Note that, the branch has been in operation since 2003.






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