United Credit Bank gets 33% rise in assets

United Credit Bank gets 33% rise in assets
# 21 November 2008 15:54 (UTC +04:00)
Baku. Elnur Huseynquluyev – APA-Economics. As of November 1, Azerbaijan-based United Credit Bank’s assets stood at AZN 32.7 million, up 37.5% on early this year.
The Bank said deposit portfolio declined 1.3% to AZN 8 million. Term deposits grew 20.3% to AZN 5.4 million.
The bank’s loan portfolio increased 23.6% to AZN 22.7 million and consumer loans reached AZN 9 million.
The bank said total capital stood at AZN 13.3 million and authorized capital at AZN 12.108 million.
For January-October, revenue made AZN 3.9 million, including interest incomes reaching AZN 3.4 million and non-interest incomes AZN 558 800.
The bank operates 5 branches, 4 ATMs and 4 POS terminals across the country.
Rossiyski Kredit Azerbaijani-Russian bank was established by 1 legal and 2 individual bodies in 1996 and was renamed in 1998 as United Credit Bank.
#
#

THE OPERATION IS BEING PERFORMED