Bank Of Baku

Expressbank sees 74% rise in loan portfolio

Expressbank sees 74% rise in loan portfolio
# 29 October 2012 08:38 (UTC +04:00)
Baku. Elnur Huseynguluyev - APA-Economics. As of October 1, 2012, Azerbaijan-based Expressbank’s loan portfolio stood at AZN 120.050 mln, up 74% from year earlier.

Bank says short-term loans rose 75% to AZN 76.414 mln, long-term loans soared 73% to AZN 43.636 mln, consumption loans surged 78% to AZN 25.219 mln, and overdue credits dropped 52% to AZN 1.573 mln.

Deposit portfolio increased by 80% to AZN 101.219 mln, including term deposits grew 50% to AZN 27.012 mln, demand deposits went up 93% to AZN 74.207 mln.

Remind that, Expressbank has been in operation since 1989. The bank operates 14 branches, 60 ATMs, 268 POS-terminals and 309 employees across the country.
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