Gandjabank quadruples its assets

Gandjabank quadruples its assets
# 29 May 2007 09:37 (UTC +04:00)
As of April 1, Azerbaijan’s Gandjabank raised its assets to AZN 19,195,406, 4.1 times higher than the same period last year.
The bank told APA-Economics that loan portfolio jumped to AZN 15,929,529, deposit portfolio leaped to AZN 7, 178,096. Aggregate capital quadrupled to AZN 11,304,033, including the authorized capital reaching AZN 10 million.
For the first quarter the revenues reached AZN 810,310 and expenditures AZN 343,620 (profit AZN 466,620).
Established in 1994, Gandjabank is the only regional bank in Azerbaijan. The bank has two branches (Baku, Gandja, Kapaz, Shamkir). /APA-Economics/
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