International Bank of Azerbaijan sees sharp rise in profit

<b>International Bank of Azerbaijan sees sharp rise in profit</b>
# 15 August 2012 09:08 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of July 1, 2012, International Bank of Azerbaijan posted its assets at AZN 5,145.109 million, up 3.9% up from a year ago.

The Bank told APA that loan portfolio increased by 13.2% to AZN 3,409.878 million, consumer loans decreased by 2.8% to AZN 389.733 million, deposit portfolio rose 15.7% to AZN 2,646.378 mln, population deposits soared 31% to AZN 1,053.249 mln.

Total capital dropped 4.8% to AZN 474.288 mln, as well as authorized capital increased by 20.8% to AZN 290.036 million.

International Bank of Azerbaijan was established in 1992. 50.2% of shares belong to the state.
As of October 1, 2012 the bank operates 36 branches, 640 ATMs, 4,454 POS terminals and 1,204 employees across the country.
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