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Atrabank sees a twofold decline in profit

17 October 2008 13:25 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As at October 1, Azerbaijan Credit Bankâ€™s assets stood at AZN 34.093, up 4.8% on a year earlier.
The bank said loan portfolio rose 11.3% to AZN 25.612 million, including consumer loans rising 43.6% to AZN 4.619 million, while deposit portfolio decreased 21% to AZN 4.191.
Total capital went up 5.4% to AZN 11.474 million and authorized capital grew 10.6% to AZN 10.425 million.
For January-September, revenues rose 11% to AZN 3.096 million and expenditures increased 28% to AZN 2.841 million.
Profit fell 2.2 times, year-over-year, to AZN 0.255 million.
The bank established 3 branches, 5 ATMs and 31 POS terminals over the past year.
The number of employees increased 22.3% to 126 and salary rose 12% to AZN 477 on average.
At present the bank operates 11 branches, 1 bureau de change, 11 ATMs and 40 POS terminals across the country.