Baku. Elnur Huseynguliyev-APA-Economics. As at July 1, Baku branch of Melli Iran Bank’s assets stood at AZN 20.7 million, up 15% from a year earlier.
The loan portfolio rose 7.2% to AZN 7.443 million, deposit portfolio increased 34.2% to AZN 8.644 million, total capital went up 2.2% to AZN 11.121 million and authorized share capital reached AZN 10 million.
For January-June, revenues rose 19% to AZN 1.497 million and expenditures increased 0.6% to AZN 546 000. Profit rose 33.3% to AZN 952 000 and net profit grew 33.2% to AZN 742 000.
Average salary rose 30% to AZN 460. The branch of Melli Iran Bank has been in operation in Azerbaijan since 1994.
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