Bank Of Baku

NBC Bank increases deposit portfolio

NBC Bank increases deposit portfolio
# 30 October 2012 10:04 (UTC +04:00)
Baku. Elnur Huseynguluyev - APA-Economics. As of October 1, 2012, Azerbaijan-based NBC Bank’s deposits made AZN 69.062 mln, up 38% from year earlier.

Bank says consumption loans rose 40% to AZN 53.755 mln, overdue credits soared 19% to AZN 3.618 mln, loans given through AMF made AZN 1.734 mln.

Deposit portfolio increased by 2.3 times to AZN 43.410 mln, including term deposits approximately doubled to AZN 35.547 mln, demand deposits surged 5.9 times to AZN 7.862 mln, and population’s deposits grew 2.1 times to AZN 36.072 mln.

Remind that, NBC Bank has been in operation since 1992. The bank operates 10 branches, 15 ATMs and 36 POS-terminals.
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