Gunaybank raises assets 26%

Gunaybank raises assets 26%
# 09 October 2007 15:12 (UTC +04:00)
As of October 1, Azerbaijan’s Gunaybank raised its assets 25.52%, year-over-year, to AZN 22.239 million.
The bank said loan portfolio rose 22% to AZN 21.404 million while deposit portfolio fell 8.9% to AZN 8.484 million.
The bank’s aggregate capital rose 48.55% to AZN 10.63 million ad authorized capital went 17.5% up to AZN 10 million.
Revenue for January-September climbed 0.52% to AZN 2.513 million and expenditure declined 14% to AZN 1.353 million.
The bank’s net profit more than doubled to AZN 704,240.
Gunaybank was established by 10 local individuals in 1992. /APA-Economics/

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