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UniBank gets 2.4 times rise in profit from remittance

UniBank gets 2.4 times rise in profit from remittance

28 November 2008 14:55 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. Azerbaijanâ€™s UniBank handled a total turnover of $32 million remittances, up 88.2% on the same period last year.
Rashad Mailov, retail service officer of the bank, said AZN 480 000 was made in profit from money transfers, up 2.4 times on a year ago.
UniBank is members of Western Union, Migom, Contact, BÄ±straya pochta, Lider, Faster and Zolotaya Korona.
As at October 1, UniBankâ€™s assets at AZN 467.235 million, loan portfolio at AZN 347.932 million, deposit portfolio at AZN 111.902 million, total capital at AZN 64.129million and share capital at AZN 15 million.
UniBank is owned by the EBRD (15.15%), DEG Investment Corporation (8.33%), legal entities (0.9%) and individuals (75.62%).

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