Bank Of Baku

Gunaybank sees sharp rise in profit

Gunaybank sees sharp rise in profit
# 16 August 2012 11:52 (UTC +04:00)
Baku. Huseynguluyev - APA-Economics. As of July 1, 2012, assets of Gunaybank stood at AZN 41.109 mln, up 14% compared to 2011.

During the reporting period, loan portfolio increased by 21% to AZN 35.828 mln, deposit portfolio rose 46% to AZN 12.295 mln.

Total capital grew by 10% to AZN 14.105 mln, authorized capital remained unchanged at AZN 13.024 mln.

Total incomes dropped 4.8% to AZN 3.040 mln, expenses rose 49% to AZN 1.093 mln.

Gunaybank has been in operation since 1992. It has 1 branch, 1 ATM and 33 employees across the country.
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