Amrahbank sees a 14% decline in profit

Amrahbank sees a 14% decline in profit
# 16 October 2008 14:42 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan’-based Amrahbank’s assets stood at AZN 65.073 million, up 52.3% on last year.
The bank said loan portfolio rose 65.7% to AZN 48.914 million, deposit portfolio increased 70% to AZN 36.187 million, total capital rose 73.2% to AZN 21.884 million and authorized capital went up 56.7% to AZN 12.821 million.
Consumer loans grew 22.8% to AZN 19.898 million.
For January-September, revenue rose 15.8% to AZN 8.823 million and expenditures increased 50% to AZN 5.310 million.
Profit dropped 14% over the past year to AZN 3.513 million.
The bank established 4 branches, 2 ATM and 11 POS terminals over the past year.
The number of employees rose 22% to 321 and salary rose 34.6% to AZN 350 on average.
Owned by 5 individuals, Amrahbank has been in operation since 1993.
The bank operates 23 branches, 2 bureau de change, 11 ATMs and 42 POS terminals.
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