Bank Of Baku

Zamin Bank sees 30% rise in Q1 assets

Zamin Bank sees 30% rise in Q1 assets
# 11 May 2012 12:00 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of April 1, 2012, Azerbaijan-based Zamin Bank’s assets stood at AZN 330.487 mln, up 30% from year earlier.

Bank says loan portfolio rose 37% to AZN 220.808 mln, deposit portfolio soared 50% to AZN 82.078 mln, total capital decreased by 0.8% to AZN 26.067 mln, as well authorized capital surged 7.05% to AZN 22.181 mln.

Number of clients grew 32% to 107,707, including individuals increased by 34% to AZN 99,378, legal entities – by 6.5% to AZN 8.329. Number of plastic cards advanced 15% to 31,529, as well debit cards soared AZN 1,274.

Remind that, Zamin Bank has been in operation since 1992. The bank operates 38 branches, Moscow representation in Russia, 37 ATMs and 1,891 POS-terminals across the country.
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