Bank Of Baku

AtaBank expands term deposit portfolio 98%

AtaBank expands term deposit portfolio 98%
# 16 March 2007 15:04 (UTC +04:00)
AtaBank increased its term-deposit portfolio 98%, year-on-year, to AZN 39,462,300, as of March 1.
The Bank told APA-Economics that the deposits put by individuals grew 2.8 times to AZN 23,557,200. During the first two months of this year, the deposit collection grew 3.9%, including an 11.3% rise in the deposits put by individual bodies with the bank.
As of late February, the bank’s loan portfolio reached AZN 43,078,800, up 2.6% from the early year and 2.2 times from a year earlier.
As at March 1, the bank’s net assets amounted to AZN 62,075,700. /APA-Economics/
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