Bank Of Baku

NBC Bank sees 24% rise in assets

NBC Bank sees 24% rise in assets
# 26 July 2012 12:45 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. NBC Bank’s assets rose 24% to AZN 78.6 mln during first half of 2012.

Bank says most growth was observed in deposit portfolio. So, deposit portfolio of individuals, as of July 1, 2012, rose 36% to AZN 32.48 mln, while it was AZN 23.88 mln at the end of 2011.

Besides, loan portfolio also soared during past 6 months. Bank’s loan portfolio stood at AZN 59.84 mln during 6 months of 2012, while it was AZN 51.22 mln at the end of last year. This is 17.3%-growth.

Remind that, NBC Bank has been in operation since 1992.
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