Bank Of Baku

AtaBank’s profit increases by 2.3 times in Q1

AtaBank’s profit increases by 2.3 times in Q1
# 18 April 2012 12:25 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of April 1, 2012, Atabank’s assets stood at AZN 227.1 mln, up 12% compared to last year.

During the reporting period, loan portfolio of the bank rose 17.4% to AZN 154.5 mln, term deposit portfolio grew by 11.8% to AZN 163.4 mln, term deposits of individuals rose 36.95 to AZN 106 mln, total capital made AZN 30.4 mln, authorized capital – AZN 25 mln.
By the end of March, profitability of bank’s ROA and ROE made 0.25 and 4.69%, respectively.

Balance profit in January-March made AZN 1.2 mln, up 2.3 times compared to last year.

Remind that, Atabank has been in operation since 1993.
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