USD 1.7

Baku 24 °C

AZ RU EN FA FR

Dark mode

POLITICS

NEWS

World

Economics

Sport

Culture news

Analysis

Blogs

Company

TOP 10

© 2004 - 2026 All copyright are reserved.

Finance

Home page

Azerbaijan Credit Bank sees 14% growth in assets

Azerbaijan Credit Bank sees 14% growth in assets

13 January 2009 13:21 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As at January 1, Azerbaijan Credit Bankâ€™s assets stood at AZN 26.908, up 13.7% on a year earlier.
The bank said loan portfolio rose 16.4% to AZN 26.102 million, deposit portfolio increased 77.4% to AZN 4.835 million, total capital went up 6.4% to AZN 11.914 million and authorized capital grew stood at AZN 10.205 million.
For 2008, revenues rose 39.9% to AZN 5.199 million and expenditures increased by 49.3% to AZN 4.453 million.
Profit rose 21.8%, year-over-year, to AZN 1.062 million and net profit jumped 10.7% to AZN 746 000.
The number of employees increased 6.2% to 51 and salary rose 34% to AZN 1 274 on average.
Azerbaijan Credit Bank, owned by 11 individuals, has been in operation since 2005.

Finance

Azerbaijan

Azerbaijan's insurance market grows by nearly 2% this year

Vusal Gurbanov, Director General of the Central Bank of Azerbaijan

Central Bank of Azerbaijan preparing amendments to compulsory insurance regulations

Chairperson of the Supervisory Board of the Azerbaijan Insurers Association Ulviyya Jabbarova

Azerbaijan's insurance market doubles over past four years

Aliyar Mammadyarov, First Deputy Chairman of the Central Bank of the Republic of Azerbaijan

Central Bank of Azerbaijan preparing new development strategy for insurance sector

ATTENTION!

Dear user for receiving paid news sign up

Sign up

ATTENTION!

Dear user for receiving paid videos sign up

Sign up

ATTENTION!

Dear user for receiving paid photos sign up

Sign up

THE OPERATION IS BEING PERFORMED