Azerbaijan, Baku, 30 january / Trend / The assets of the Azerbaijani Khalg Bank constitute AZN 212,1mln by 1 January 2008, which is by 175% more as compared to the mentioned period in 2007.
The bank credit portfolio increased by 175% and reached AZN 159,4mln. The deposit portfolio increased by 118% and made up AZN 137,3mln.
The authorized capital of the bank made up AZN 53,550mln by 1 January 2008, and joint capital increased to AZN 49,272mln.
The bank incomes total to AZN 21,412mln and expenditures - AZN 19,350mln. The balance income of the bank in 2007 made up AZN 2,063mln, and net profit - AZN 1,854mln.
In 2007, the bank started the campaign on allocation of MasterCard International card system. The number of active plastic cards of the bank total to 7,522 at the beginning of 2008. The bank installed 15 cash machines, seven in Baku and eight in regions.
Within the framework of the State mortgage program for 2007, the bank allocated 117 credits in the amount of AZN 4,541mln.
In 2007, Khalg bank developed and introduced payment service system for Nar Mobile (Azerphone) users. This service is rendered by 31 banks of the country.
In 2007, the correspondent accounts in Raiffeisen Central Bank, Austria and American Express Bank, Frankfurt were opened.
Khalg bank became the member of the state Kapital bank shareholders in 2007.
Furthermore, Khalg bank became a member of the Azerbaijani Investment Insurance Fund and European Economic Trade, Entrepreneurship and Industry Chamber.