Bank Of Baku

Royalbank sees 9% rise in population deposits

Royalbank sees 9% rise in population deposits
# 08 May 2012 08:06 (UTC +04:00)
Baku. Elnur Huseynguluyev - APA-Economics. As of April 1, 2012, Royalbank’s loan portfolio made AZN 123.263 mln, down 3.35 from a year earlier.

During the reporting period, short-term loans dropped 665 to AZN 18.251 mln, long-term loans soared 11 times to AZN 105.012 mln, consumer loans decreased by 32% to AZN 63.817 mln.

Deposit portfolio grew by 5% to AZN 80.112 mln, term deposits rose 6.5% to AZN 65.399 mln, demand deposits fell by 0.3% to AZN 14.714 mln, population deposits increased by 9.4% to AZN 9.617 mln.

Royal Bank was established in 1993 as OZ Bank. It has 32 branches, 2 offices, 8 exchange points, 31ATMs, 113 POS-terminals and 563 employees across the country.
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