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

Melli Iran Bank Baku Branch gets a 40% drop in loan book

Melli Iran Bank Baku Branch gets a 40% drop in loan book

27 January 2009 12:46 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As at January 1, Melli Iran Bank Baku Branch posted its assets at AZN 19.805 million, down 8.2% on a year ago.
The Branch said deposit portfolio dropped 39.8% to AZN 2.394 million, loan portfolio fell 24% to AZN 5.959 million, consumer lending decreased 35.3% to AZN 4.668 million, total capital dipped 2.4% to AZN 11.123 million and authorized capital stood at AZN 10 million.
Revenue for 2008 grew 88% to AZN 11.475 million and expenditures more than doubled to AZN 10.214 million.
Profit fell 15.8% to AZN 1.261 million and net profit dropped 17% to AZN 966 000.
The number of employees increased 4.5% to 23 and average salary rose 46.7% to AZN 60.
Melli Iran Bank Baku Branch has been in operation since 1994.

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