Bank Of Baku

IBA gets 25% rise in assets

IBA gets 25% rise in assets
# 25 October 2013 11:22 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of October 1, 2013, assets of IBA made AZN 6.880 bn (+25%).


During the reporting period, loan portfolio of the bank grew by 35% to AZN 4.863 bn. Population deposits stood at AZN 1.526 bn (+35%).

Total capital rose 30.2% to AZN 773.5 mln as well as authorized capital reached AZN 368.33 mln. Net profit made ANZ 36.6 mln.

Number of total customers increased by 16.3% to 48,440, as well as individuals rose 16.0% to 48,049, legal entities soared 67.9% to 361. Number of plastic cards stood at 27.441 as of January 1 2013, down 6.7% compared to last year. Debit cards decreased by 8.5% to 26,540, credit cards grew by 2.2 times to 901.

As of October 1, number of bank’s active plastic cards stood at 1,977,472. The bank operates 683 ATMs, 4,907 POS-terminals across the country.

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