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UniBank posts 30% growth in assets

21 November 2008 12:24 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. The summary of the performance of Unibank CB during the past ten months of 2008 shows that the Bank had steady growth in all key financials in comparison with January-October 2007.
The assets of the bank rose by 30% in comparison with October 2007 and reached AZN 436.7 mn, which represents an increase by 12% from 1 January 2008.
The loan portfolio of the bank rose by 46% in comparison with October 2007 and reached AZN 335.6 mn, which is 22% more than on 1 January 2008.
The retail deposits in the bank totalled at AZN 68,7 mn on 31 October 2008 representing the increase by a third (33%) from last year and by 25% from the beginning of this year.
The incomes and expenses of the bank equalled AZN 66,686 thousand and AZN 58,594 thousand during January-October 2008 with the respective increases by 88% and 111% from the corresponding period of last year. The balance profits of the bank reached AZN 8,092 thousand representing an increase by 4% from January-October 2007.
Unibank Commercial Bank is a universal financial and credit institution that provides corporate and retail services to customers of various orientation and forms of incorporation, as well as to other financial and credit institutions
UniBank is owned by the EBRD (15.15%), DEG Investment Corporation (8.33%), legal entities (0.9%) and individuals (75.62%).