Bank Of Baku

Bank of Azerbaijan gets rise in profit

Bank of Azerbaijan gets rise in profit
# 09 July 2013 10:17 (UTC +04:00)

Baku. Vahab Rzayev - APA-Economics. Bank of Azerbaijan’s pre-tax profit made AZN 8.54 mln in January-June, 2013.

 

Bank says incomes stood at AZN 22.50 mln, expenditures – at AZN 13.96 mln. These indexes rose 88.5% and 34.8% compared to a year earlier.

 

As of July 1, Bank’s assets rose 32% to AZN 347.36 mln. Loans given to individuals and legal entities soared 38.9% to AZN 299.34 mln. Deposit portfolio (demand and term) on individuals and legal entities surged 17.8% to AZN 181.05 mln, as well as demand deposits grew 23.8% to AZN 74.76 mln.

 

For the present, Bank of Azerbaijan consists of head office, 16 branches and 3 departments. 

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