Foreign liabilities of Azerbaijani’s Bank of Baku makes up less than 20% of its assets
Azerbaijan, Baku, Dec. 27/ Trend , N. Ismayilova/ "The total amount of foreign liabilities of Azerbaijan's Bank of Baku made up less than 20% of its assets as of early December, 2008," Jalal Gasimov, chairman of the Board of the bank, said.
"The total volume of foreign liabilities of the bank totaled AZN 35mln at early December which makes up 18.77% of total volume of assets of the bank which is an adequate indicator," Gasimov said.
At the moment the bank is paying liabilities through monthly income and deposits from the home market.
"It is noticeable that we are holding deposit campaign Earn for 15 Years in which large part of population is interested," he said.
Bank of Baku was founded in 2005 as a result of merger of two local private banks. Assets of Bank of Baku made up AZN 187.6mln and income - AZN 9.5mln early Dec. Deposit portfolio of the bank reached AZN 139.9mln, loan portfolio - AZN 139.2mln, including AZN 52.4mln of commercial loans and AZN 86.7mln of consumer loans.
ROA (return on assets) factor of the bank amounted to 6.17% and ROE (return on equity) factor - 39.76% early Dec.
The exchange rate is 0.8011AZN/USD on Dec. 27.
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