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AtaBank sees 28% rise in assets

01 November 2012 08:12 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As of October 1, 2012, Azerbaijan-based AtaBankâ€™s assets stood at AZN 256.147 mln, up 28% from year earlier.

Bank says loan portfolio rose 38% to AZN 186.545 mln, including consumer lending soared 78% to AZN 58.628 mln, deposit portfolio surged 31% to AZN 215.417 mln, as well as term deposits grew 29% to AZN 178.681 mln, demand deposits increased by 44.4% to AZN 36.736 mln, populationâ€™s deposits went 54% up to settle at AZN 118.432 mln.

Total capital climbed 23% to AZN 34.315 mln, including authorized capital remained unchanged at AZN 25 mln.

Incomes soared 44% to AZN 23.905 mln, as well as interest incomes grew 36% to AZN 18.645 mln, non-interest incomes surged 80% to AZN 5.260 mln. At the same time, expenditures increased by 35% to AZN 19.457 mln, as well as interest expenses advanced 22% to AZN 19.457 mln, non interest expenditures surged 27% to AZN 1.155 mln. Consequently, profit raised 98% to AZN 4.448 mln.

Remind that, AtaBank has been in operation since 1993. The bank operates 24 branches, 69 ATMs and 9,351 POS-terminals across eth country.