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Debut Bank posts 23% rise in assets

14 October 2008 14:20 (UTC +04:00)

Baku. Elnur Huseynguluyev - APA-Economics. As of October 1, Azerbaijan-based Debut Bankâ€™s assets stood at AZN 32.797 million, up 23.3% on a year earlier.
The bank said loan portfolio rose 18.2 to AZN 28.294 million, deposit portfolio increased 24% to AZN 1.286 million, total capital went up 5.6% to AZN 11.121 million and authorized capital rose 3.4% to AZN 8.750. Consumer loans increased 11-fold to AZN 1.762 million.
Compared to the same period last year, revenues rose 34.6% to AZN 4.088 and expenditures increased 33.6% to AZN 3.203 million for January-September.
Profit jumped 38.1% to AZN 0.885 million.
The bank established 1 branch, 7 exchange offices and 1 ATM over the past one year. The number of employees rose 0.9% to 111 and average salary rose 20% to AZN 240.
Owned by a number of individuals, Debut Bank has been in operation since 1994.
The bank operates 7 branches, 7 ATMs, 27 exchange offices and 82 POS terminals