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Bank of Azerbaijan gets 63% rise in Q1 assets

22 April 2013 12:20 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of January 1 2013, assets of Bank of Azerbaijan made AZN 291.756 mln (+62.6%).

During the reporting period, loan portfolio of the bank grew by 49.0% to AZN 248.085 mln, consumer loans made AZN 56.018 mln by rising 3.4 times. Deposit portfolio grew by 71.1% to AZN 161.714 mln (+56.2%). Population deposits made AZN 74.666 mln (+56.2%).

Total capital rose 73.6% to AZN 44.054 mln as well as authorized capital jumped 49.3% to AZN 50.0 mln.

Number of total customers increased by 49.1% to 26,102, as well as individuals rose 48.7% to 23,492, legal entities soared 62.5% to 2,610. Number of plastic cards stood at 8,439 as of January 1 2013, up 11.7% compared to last year. Debit cards increased by 4.8% to 6,621, credit cards grew by 40.9% to 1,818.

At present time, the bank operates 17 branches, 34 ATMs, 1,913 POS-terminals and 322 employees across the country.