Bank Of Baku

Access Bank increases deposit portfolio by 30% year-on-year

Access Bank increases deposit portfolio by 30% year-on-year
# 23 April 2012 10:46 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of April 1, 2012, the assets of Access Bank stood at AZN 391.391 mln, up 4.4% compared to last year.

During the reporting period, loan portfolio of the bank grew by 195 to AZN 313.604 mln, consumer loans rose 43% to AZN 32.840 mln, deposit portfolio increased by 30% to AZN 128.040 mln, population deposits soared 22% to AZN 112.011 mln.

Total capital rose 5.5% to AZN 91.247 mln, authorized capital rose 62% to AZN 67.800 mln.

Note that, incomes of the bank during the last year rose 4.4% to AZN 22.815 mln, expenses grew by 16.2% to AZN 19.889 mln. Consequently, the profit of the bank during January-March dropped 38% to AZN 2.926 mln.

Remind that, Access Bank has been in operation since 2002.
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