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PricewaterhouseCoopers confirms the semi-annual status of UniBank

10 December 2008 13:51 (UTC +04:00)

Baku. Rashad Suleymanov â€“ APA-Economics. The international audit company PricewaterhoouseCoopers has confirmed the semi-annual financial reports of Unibank covering the first half of 2008.
According to the audit findings from PricewaterhoouseCoopers, the assets of Unibank reached AZN 476,948 mn in the half-year showing the increase by 23.3% from the beginning of this year. It should be mentioned that the internal statistics of Unibank, too, indicated the growth of the assets by 23% during January-June 2008.
The loan portfolio of Unibank equalled AZN 359,888 mn on 30 June with the increase by 32% since the beginning of this year, according to PricewaterhoouseCoopers. The statistics from Unibank indicated the increase by 31%.
The deposits that Unibank had attracted by 1 July 2008 reached AZN 159,580 mn having grown by 29% since the beginning of this year (the in-house statistics indicated the increase by 26% in the same period).
The semi-annual balance pre-tax profits of Unibank are reported by PricewaterhoouseCoopers as equalling AZN 6203 thousand, which is 11.4 times as much as in the first half of 2007. The post-tax profits equalled AZN 4564 thousand being 12.4 times as much as in the corresponding period of last year. According to Unibank, the growth was by 12 times.
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%).