Amrahbank raises its assets 31% for 1Q

Amrahbank raises its assets 31% for 1Q
# 23 April 2007 10:57 (UTC +04:00)
As of April 1, the assets of Azerbaijan’s Amrahbank reached AZN 33,291,860, up 31% from the same period last year.
The Bank told APA-Economics that its loan portfolio expanded 31.25% to AZN 27.655mln and deposit portfolio increased 25.55% to AZN 17,041,500.
The bank’s aggregate capital rose 31.76% to AZN 10,186,080, including the authorized capital of AZN 6.779mln.
Revenue for the first quarter reached AZN 2,717,500, 2.475 higher from a year earlier while expenditure rose 25.17% to AZN 995,600.
The bank’s 1Q profit totaled to AZN 172,800, up 10.67% from last year.
Established by five individuals in 1993, Amrahbank has 24 branches (5 in Baku), 9 ATMs and 8 POS terminals. /APA-Economics/

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