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Amrahbank sees 27% growth in assets

19 January 2009 10:00 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As of January 1, Azerbaijanâ€™-based Amrahbankâ€™s assets stood at AZN 62.396 million, up 27% on a year ago.
The bank said loan portfolio rose 3.6% to AZN 39.583 million, deposit portfolio increased 16.7% to AZN 32.688 million, total capital rose 81.5% to AZN 21.775 million and authorized capital went up 33.5% to AZN 12.820 million.
Consumer loans grew 22.8% to AZN 19.898 million.
For 2008, revenue rose 51.3% to AZN 13.165 million and expenditures increased 40.6% to AZN 9.844 million.
Profit rose 95.3% to AZN 3.321 million.
The bank established 3 branches, 2 ATMs and 15 POS terminals over the past year.
The number of employees rose 24.3% to 327 and salary rose 39% to AZN 384 on average.
Owned by 5 individuals, Amrahbank has been in operation since 1993.
The bank operates 22 branches, 2 bureau de change, 12 ATMs and 34 POS terminals.