Bank Of Baku

AGBank achieves 61% rise in assets

AGBank achieves 61% rise in assets
# 17 October 2008 15:24 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of October 1, Azerbaijan-based AGBank’s assets stood at AZN 217.293 million, up 60.6% on a year earlier.
The bank said loan portfolio rose 76.6% to AZN 159.889 million, deposit portfolio increased 56.6% to AZN 140.183 million, total capital increased 62.1% to AZN 30.08 million and authorized capital went up 45% to AZN 15 million.
As opposed to the same period last year, revenues for January-September increased 74% to AZN 25.510 million and expenditures rose 54% AZN 18.727. The bank’s profit rose by 2.7 times to AZN 6.783 million.
AGBank has been in operation since 1992. The bank operates 13 branches, 4 offices, 52 ATMs and 375 POS-Terminals across the country.
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