Bank Avrasiya gets 11% decline in population’s deposits

Bank Avrasiya gets 11% decline in population’s deposits
# 30 October 2012 09:31 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of October 1, 2012, Azerbaijan-based Bank Avrasiya’s assets stood at AZN 63.096 mln, down 3.5% from year earlier.

Bank says loan portfolio rose 64% to AZN 36.649 mln, as well as consumer lending soared 18% to AZN 3.070 mln, deposit portfolio dropped 9.3% to AZN 32.163 mln, including population’s deposits slipped 11% to AZN 30.353 mln.

Total capital surged 4.7% to AZN 20.965 mln, authorized capital remained unchanged at AZN 20 mln.

Incomes grew 54% to AZN 5.164 mln, expenditures went up 17% to AZN 4.342 MLN. Consequently, bank’s profit made AZN 0.822 mln. In 9 months of 2011, bank’s losses stood at AZN 0.344 mln.

Remind that, Bank Avrasiya has been in operation since 2007. The Bank operates 1 branch and 149 POS-terminals.
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