Azerbaijani bank's net profit exceeds 1.6 million manat

Society Materials 13 January 2011 18:25 (UTC +04:00)

Azerbaijan, Baku, Jan. 13 / Trend N. Ismayilova /

The assets of Azerbaijani DekaBank increased by 1,4 percent and amounted to 36.376 million manat for the fourth quarter of last year, the bank said.

As of the fourth quarter of 2010, the credit portfolio of DekaBank increased by 7,1 percent and reached 25.47 million manat. During this period, the bank's liabilities increased by 4.8 percent, exceeding by 19.33 million manat.

The deposits for the last three months of last year increased by 6.8 percent up to 10.573 million manat. By late 2010, net profit amounted to 1.644 million manat.

DekaBank is the first private bank in Azerbaijan. It was established in 1989. The bank's branch network includes six branches in Baku and regions.

The official exchange rate is 0.7975 manat to $1.