Bank Of Baku

Zamin Bank increases population deposits by 43%

Zamin Bank increases population deposits by 43%
# 08 May 2012 10:00 (UTC +04:00)
Baku. Elnur Huseynguluyev - APA-Economics. As of April 1, 2012, Zamin Bank’s loan portfolio made AZN 330.487 mln, up 30% compared to last year.

During the reporting period, short-term loans decreased by 15% to AZN 35.312 mln, long-term loans grew by 55% to AZN 185.5 mln, consumer loans rose 50% to AZN 70.128 mln, overdue credits increased by 30% to AZN 4.777 mln.

Deposit portfolio soared 49% to AZN 82.078 mln, term deposits rose 40% to AZN 63.658 mln, demand deposits grew by 2 times to AZN 18.420 mln, population deposits rose 43% to AZN 70.052 mln.

Zamin Bank was founded in 1992. It has 38 branches, 37 ATMs and 1,891 POS-terminals across the country.
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