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IBA-Moscowâ€™s Yekaterinburg branch gets 47% rise in assets

<b>IBA-Moscowâ€™s Yekaterinburg branch gets 47% rise in assets</b>

22 May 2012 12:53 (UTC +04:00)

Baku. Vahab Rzayev â€“ APA-Economics. As of April 1, 2012, the assets of IBA-Moscowâ€™s Yekaterinburg branch stood at RR 1,218 mln (AZN 30.450 mln).

Bank says the loan portfolio made RR 1,094 mln (AZN 27.350 mln), up 47.8% from previous year. RR 1.040 mln (AZN 26 mln) of this belonged to legal entities and private entrepreneurs, RR 53.8 mln (AZN 1.345 mln) â€“ to individuals. Crediting of small and medium entrepreneurship rose 2.8 times to RR 660 mln (AZN 16.5 mln).

The branch paid RR 3.1 mln (AZN 77,500) as interests during the first quarter.

Number of plastic cards rose 50.8% to 1,211. The branch operates 8 ATMs and POS-terminals in 15 objects.

Balance profit soared 68.3% to RR 21.2 mln (AZN 530,000).

Note that, Yekaterinburg branch has been in operation since 2005.

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