Finance

Finance

Bank of Azerbaijan sees 73% growth in assets

28 November 2013 14:05 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of October 1, 2013, Bank of Azerbaijan’s assets stood at AZN 387.127 mln, up 73.2% from 2012.

Bank says the loan portfolio rose 88.3% to AZN 338.903 mln. Consumer lending made AZN 40.815 mln, down 7.2% by contrast to a year earlier. At the same time, deposit portfolio went up 28.2% to AZN 167.474 mln, including personal savings were equal to AZN 79.239 mln, up 19.5% in annual comparison.

Total capital increased by 2.1 times to AZN 57.947 mln, including authorized capital surged 49.3% to AZN 50,000 mln.

Number of clients soared 28.7% to 29,573, as well as individuals surged 29.5% to 26,833, juridical persons soared 17.3% to 2,740. Number of plastic cards made 5,032, down 33.8% in annual comparison. Debit cards fell by 42.5% to 3,396, credit cards – 3.38% to 1,636.

Currently, the bank operates 17 branches, 39 ATMs ad 1,928 POS-terminals across the country.