Azerdemiryolbank achieves 41% growth in assets

Azerdemiryolbank achieves 41% growth in assets
# 10 September 2008 15:49 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As at September 1, Azerbaijan-based Azerdemiryolbank’s assets stood at AZN 208.47 million, up 41.4% on January 1.
The bank said loan portfolio increased by 64.1% during January-August to AZN 172.27 million.
The bank’s liabilities grew 47.4% to AZN 174.34 million.
Liabilities to financial sector reached AZN 109.5 million and deposit portfolio made AZN 51.59 million.
The bank’s total capital grew by 17.1 over the eight months to AZN 34.13 million and paid-in capital stood at AZN 13.4 million.
Revenues made AZN 39.1 million and expenditures AZN 31.4 million, giving the bank AZN 7.72 million in profit and AZN 5.98 million in net profit.
Azerdemiryolbank has been in operation since 1989.
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