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IBA-Moscowâ€™s Saint Petersburg branch gets 20% rise in assets year-on-year

<b>IBA-Moscowâ€™s Saint Petersburg branch gets 20% rise in assets year-on-year</b>

08 June 2012 08:37 (UTC +04:00)

Baku. Vahab Rzayev â€“ APA-Economics. International Bank of Azerbaijan subsidiary bank in Russia IBA-Moscowâ€™s Saint Petersburg assets as of end of the first quarter of 2012 rose 20% to RR 2,564.7 mln (AZN 69.3 mln).

According to press service, the loan portfolio stood at RR 2,065.1 mln (AZN 55.8 mln), up 22.3% from year earlier.

Deposit portfolio soared 21.1% to RR 512.2 mln (AZN 13.8 mln) during the same period. 249 new clients â€“ legal entities were involved to the branch. Number of legal entities is 850. As of April 1, 2012, the branch operates 13 ATMs and 110 POS-terminals.

Note that, IBA-Moscowâ€™s Saint Petersburg branch was launched in 2003.

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