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Azerbaijani Biggest Bank Assets Increased by 60% in a Year

Business Materials 17 April 2008 17:11 (UTC +04:00)

Azerbaijan, Baku, 17 April / Trend corr. I.Khalilova / As for 1Q 2008, the net income of the International Bank of Azerbaijan (IBA) totaled AZN 18,735mln, which is more by 83.9% compared to the mentioned period in 2007, Bank reported.

During 1Q IBA's assets reached AZN 2,888,5mln, which is increase of 57.9% within a year.

The credit portfolio of the bank made up AZN 1,683,6mln and AZN 219.8mln fell on consumer credits. Total volume of individuals and juridical entities' deposits comprised AZN 1704, 02mln, including the deposits by juridical entities AZN 411,957 mln.

IBA's joint capital totalled AZN 292,852mln, and AZN100mln as the authorized capital.

The net profit correlation to average remains on bank assets totaled- 0.68% and net profit correlation to the average remains on balance capital - 6.8%.

As for 1 April, IBA has 36 branches. There are 578 cash machines, 63 - information stands and 2,397 - POS-terminals.

The correspondent can be contacted at: [email protected]

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