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UniBank posts 7% year-on-year growth in assets

30 January 2009 13:35 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. Unibank CB has released a financial summary for 2008. According to the figures, the Bank achieved the average growth by 30% to 85% in all of its main financials.
The 2008 incomes of the Bank reached AZN 78,443 thousand being 82.48% up on 2007, while the 2008 expenses of the Bank equalled AZN 69,379 thousand representing an increase by 82.27% from 2007.
The profit of Unibank amounted to AZN 9,067 thousand last year being 84.12% higher than in 2007.
The assets of the Bank reached AZN 417,563 mn in 2008 having grown by 7.17% from the beginning of the year, while the loan portfolio of the Bank had grown by 16.45% to AZN 319,247 mn last year.
The retail deposits in Unibank had grown by 30.83% to AZN 72,031 mn last year.
UniBank is owned by the EBRD (15.15%), DEG Investment Corporation (8.33%), legal entities (0.9%) and individuals (75.62%).