Bank Of Baku

Ganjabank decreases consumer lending

Ganjabank decreases consumer lending
# 31 October 2012 11:52 (UTC +04:00)
Baku. Elnur Huseynguluyev - APA-Economics. As of October 1, 2012, deposit portfolio of Ganjabank stood at AZN 5.317 mln, up 13% compared to 2011.

During the reporting period, term deposits increased by 14.3% to AZN 5.047 mln, demand deposits declined 9.1% to AZN 0.271 mln, population deposits grew by 18% to AZN 5.302 mln.

Loan portfolio soared 13% to AZN 41.813, as well as short-term deposits dropped 16.6% to AZN 1.213 mln, long-term deposits rose 14.25% to AZN 40.601 mln, consumer loans decreased by 18.4% to AZN 1.150 mln.

Ganjabank has been in operation since 1994. It operates 5 branches, 6 ATMs, 18 POS-terminals and 69 employees across the country.
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