Bank Of Baku

AtaBank gets 66% rise in assets

AtaBank gets 66% rise in assets
# 19 August 2008 13:56 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of July 1, Azerbaijan-based AtaBank’s assets stood at AZN 116.752 million, up 65.5% from a year earlier.
The bank said loan portfolio increased 66% to AZN 89.686 million, deposit portfolio rose 66.9% to AZN 95.931 million, total capital went up 54% to AZN 19.068 million and authorized capital grew by 27.9% to AZN 13 million.
During the six months, revenues rose 75% to AZN 11.277 million and expenditures increased 56.8% to AZN 8.086 million. Gross profit more than doubled to AZN 3.191 million.
Over the past year, AtaBank established 3 branches, 13ATMs and 154 POS terminals.
The number of the bank’s staff increased 26% to 247 and average salary fell 33.3% to AZN 600.
At present the bank operates 17 branches, 46 ATMs and 248 POS terminals.
The bank has been in operation since 1993.
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