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UniBank sees 3% decline in deposit portfolio

14 October 2008 13:23 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As at October 1, Azerbaijan-based UniBank posted its assets at AZN 467.235 million, up 46.9% on a year earlier.
The bank said loan portfolio went up 64.8% to AZN 347.932 million, including consumer loans rose 96.5% to AZN 188.539 million while deposit portfolio fell 3.1% to AZN 111.902 million.
Also, total capital jumped 28.7% AZN 64.129million and share capital stood at AZN 15 million.
For January-September, revenues fell 5-fold, year-over-year, to AZN 59.809 million and expenditures increased 2.1 times to AZN 52 million.
Profit and net profit increased by about 30% to AZN 7.810 million and AZN 6.092 million.
The bank established 13 branches, 13 exchange offices, 15 ATMs and 150 POS terminals over the past year. The number of employees rose 31.4% to 556.
UniBank operates 22 branches, 22 exchange offices, 56 ATMs and 235 POS-terminals across the country.
UniBank is owned by the EBRD (15.15%), DEG Investment Corporation (8.33%), legal entities (0.9%) and individuals (75.62%).