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AtaBank posts a 48% rise in assets

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

Baku. Elnur Huseynguluyev â€“ APA-Economics. As of October 1, Azerbaijan-based AtaBankâ€™s assets stood at AZN 134.586 million, up 48.1% on a year earlier.
The bank said loan portfolio rose 61.6% to AZN 87.189 million, deposit portfolio increased 47.1% to AZN 108.189 million, total capital went up 62.7% to AZN 18.815 million and authorized capital grew 42.4% to AZN 14.465 million.
Consumer loans grew 50.4 to AZN 41.229 million.
Compared to the same period last year, revenue for January-September increased by 62% over the past year to AZN 6.479 million and expenditures rose by 61% to AZN 4.504 million.
Profit grew 64.7% to AZN 1.975 million.
The bank established 5 branches, 18 ATMs and 218 POS terminals over the past one year.
The number of employees rose by 20% to 263 and salary more than doubled to AZN 99 on average.
AtaBank has been in operation since 1993. It operates 19 branches, 46 ATMs and 267 POS-terminals.