International Bank of Azerbaijan reduces expenditures 16.5%

International Bank of Azerbaijan reduces expenditures 16.5%
# 27 January 2015 13:27 (UTC +04:00)

Baku. Musa Ahmadov - APA-Economics. As of January 1, 2015, International Bank of Azerbaijan’s assets stood at AZB 8.800 bln, up 22.70% from previous year.

Bank says the loan portfolio rose 16.60% to AZN 5.868 bln, loans given to individuals raised 22.18% to AZN 678.469 mln (11.56% of loan portfolio).

Deposit portfolio grew 23.31% to AZN 3.617 bln, personal savings went up 7.27% to AZN 1.730 bln.

Total capital increased 11.58% to AZN 1.008 bln, authorized capital advanced 24.24% to AZN 590.192 mln.

Incomes surged 23.55% to AZN 585.826 mln, expenditures slipped 16.50% to AZN 340.998 mln.

Profit made AZN 64,519,000.

The bank operates 35 branches, 752 ATMs and 11,007 POS-terminals across the country.

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