Bank Of Baku

IBA-Georgia increases profit

IBA-Georgia increases profit
# 20 November 2012 08:14 (UTC +04:00)

 

Baku – APA-Economics. As of October 1, 2012, International Bank of Azerbaijan’s subsidiary structure in IBA-Georgia’s assets stood at AZN 128.7 Laris (AZN 60.669 mln), up 28.31% from year earlier.

Bank says loan portfolio rose 71.3% to 97.7 mln Laris (AZN 46.056 mln).

Number of legal and individual clients made 462 (annual growth – 37.5%). At the same time, deposit portfolio soared 35% to 89.2 mln Laris (AZN 42.049 mln).

Net profit surged 4.1 times to 4.3 mln Laris (AZN 2.027 mln).

Authorized capital made 22.7 mln Laris (AZN 10.701 mln).

IBA-Georgia was registered in 2006. In 2007, bank obtained license to operate as bank. 

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