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Gunaybank gets 2.7 times rise in profit

Gunaybank gets 2.7 times rise in profit

14 January 2009 10:46 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As of January 1, Azerbaijan-based Gunay Bankâ€™s assets stood at AZN 27.162million, up 19.4% on a year earlier.
The bank said loan portfolio rose 32.7% to AZN 30.650 million, deposit portfolio increased 2% to AZN 9.154 million, total capital went up 0.82% to AZN 10.716 million and authorized capital stood at AZN 10.892 million.
Consumer loans rose 19.2% to AZN 124 000.
Revenues for 2008 rose 31.9% to AZN 4.531 million and expenditures increased by 30.9% to AZN 4.462 million.
The bankâ€™s profit rose nearly2.7 times to AZN 69 020. The number of the bankâ€™s employees reached 41 and average salary made AZN 373.
Gunay Bank, owned by 10 local individuals, has been in operation since 1992.
The bank operates 1 branch, 1 bureau de change, 1 ATM and 1 POS terminal.

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