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Azerbaijanâ€™s largest bank foresees 1.6 times rise in ROA this year

02 March 2009 16:27 (UTC +04:00)

Baku. Vugar Israfilov â€“ APA-Economics. International Bank of Azerbaijan plans to boost assets by at least 15% to AZN 5 billion in 2009.
The bank said Return on Assets (ROA) is predicted to reach 3.1%, up 1.6% on last year.
This gives us the ratio to find how much a bank derives from each amount of assets they control. This also displays how a bank is managed.
The bank will also try to keep up the overall profitability at 27%. Besides, securities transactions may grow to AZN 490 million in 2009.
The obligations are expected to reach AZN 3.96 billion with an annual growth rate of 17%.
Foreign borrowing will fall to 30% and taking deposits from individuals will rise to 16% from 13%.
With a conservative approach, loan portfolio will increase by 13% to AZN 3.243 billion. However, the bankâ€™s profit is projected to double to AZN 174 million.