Bank of Azerbaijan increases assets by 13% year-on-year

Bank of Azerbaijan increases assets by 13% year-on-year
# 06 November 2012 08:03 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of October 1, 2012, assets of Bank of Azerbaijan OJSC made AZN 223.490 mln, up 13% compared to 2011.

During the reporting period, loan portfolio rose 20% to AZN 179.968 mln, deposit portfolio grew by 51% to AZN 130.679 mln, term deposits increased by 30% to AZN 72.747 mln, demand deposits soared 89% to AZN 57.932 mln, population deposits rose 41% to AZN 76.983 mln.

The number of customers increased by 35% to 22,235, individuals – 34% to 19,900, legal entities – 41% to 2,335.

The number of plastic cards increased by 3.4% to 7,599, as well as debit cards increased by 0.1% to 5,907, credit cards – 17% to 1,692.

Bank of Azerbaijan has been in operation since 1993.
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THE OPERATION IS BEING PERFORMED