Baku. Elnur Huseynguluyev – APA-Economics. As of April 1, 2012, Azerbaijan-based United Credit Bank’s assets stood at AZN 55.560 mln, up 29% from year earlier.
Bank says loan portfolio rose 46% to AZN 48.156 mln, as well consumer lending soared 20% to AZN 16.412 mln, deposit portfolio extended 76% to AZN 26.011 mln, including term deposits surged 91% to AZN 23.841 mln, demand deposits dropped 6.9% to AZN 2.169 mln, population’s deposits increased by 95% to AZN 19.363 mln.
Total capital slipped 1.5% to AZN 13.581 mln, as well authorized capital climbed 17% to AZN 14.108 mln.
Note that, total incomes soared 8.8% to AZN 1.585 mln, including interest incomes dropped 7.1% to AZN 1.472 mln, non-interest income surged 37% to AZN 0.114 mln. Besides, total expenditures advanced 35% to AZN 1.355 mln, including interest expenditures surged 30% to AZN 0.857 mln, non-interest expenditures slid 30% to AZN 0.498 mln. Consequently, bank’s profit made AZN 0.231 mln, up 2.7 times from year earlier.
Remind that, United Credit Bank has been in operation since 1996. The bank operates 6 branches, 5 ATMs and 398 POS-terminals.
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