Bank Of Baku

Azerbaijan Industry Bank ends Q3 on profit

Azerbaijan Industry Bank ends Q3 on profit
# 24 October 2016 09:36 (UTC +04:00)

Baku. Yegane Lachinzade – APA-Economics. Azerbaijan Industry Bank’s assets in the third quarter stood at AZN 634.406 million, up 38.58% from previous year.

 

Bank says the loan portfolio rose 36.42% to AZN 226.196 million, deposit portfolio increased 52.43% to AZN 366.298 million, personal savings made AZN 308.570 million.

 

Liabilities amounted to AZN 552.586 million.

 

Total capital surged 11.25% to AZN 83.820 million, authorized capital remained unchanged at AZN 60 million.

 

Incomes ascended 25.1% to AZN 19.923 million, expenditures grew 18.43% to AZN 12.233 million.

 

Bank’s profit in the nine months made AZN 5,991,670.

 

 

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