Assets of Azerbaijani Largest Bank Increases by 50% per year

Business Materials 18 February 2008 18:00 (UTC +04:00)

Azerbaijan, Baku, 18 February / Trend corr. I.Khalilova / The net benefit of the Azerbaijani Investment Company 9AIC) made up AZN 51,529mln as for January 2007, which is 2.02% more than in 2006.

In 2007, AIC completed assets in the amount of AZN 2,600,6mln, which has been increased by 47.6%.

The credit portfolio of the bank made up AZN 1,883,2 mln. Total deposit volume of juridical entities and individuals made up AZN 1,603,79mln including investments by individuals to the amount of AZN 373.966 mln.

The authorized capital of AIC totals AZN 273,829mln. The average proportion of net benefits remains on bank assets totalled 2.49%, but the average net benefit remains on balance capital at 23.29%.

As from 1 January 2008, AIB has 36 branches.