International Bank of Azerbaijan raises assets 47%, 1Q

International Bank of Azerbaijan raises assets 47%, 1Q
# 16 May 2007 13:30 (UTC +04:00)
As of April 1, International Bank of Azerbaijan’s assets stood at AZN 1,821,146,948, up 47.3% from the same period last year.
The bank told APA-Economics that loan portfolio doubled to AZN 1,355,734,802, deposit portfolio grew 71.2% to AZN 1,865,299,902.
Aggregate capital jumped 1.8 times to AZN 151.207 million, including authorized capital reaching AZN 67.094 million.
The bank’s revenues rose 43.3% TO AZN 52,458,008 and expenditures totaled to AZN 38,863,314 for this period. As at April 1, the profit stood at AZN 13,594,695, up 73% from the same period last year.
Established by International Bank of Azerbaijan in 2002, International Bank of Azerbaijan has 36 branches throughout the country. /APA-Economics/

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