International Bank of Azerbaijan's assets hit 20 percent

Business Materials 17 February 2009 15:10 (UTC +04:00)

Azerbaijan, Baku, Feb. 17 / Trend , N.Ismayilova/

The assets of the International Bank of Azerbaijan (IBA) hit 4.37 billion manat on Jan. 1, or 20.1 percent more than on Jan. 1, 2008.

The IBA's aggregated capital increased 54.7 percent to 418.59 million manat. The bank's authorized capital hit 189.74 million manat (89.7 percent) and net profit amounted to 85.47 million manat.

The bank's loan portfolio increased 12.7 percent to 2.93 billion manat.

The bank's deposit portfolio increased 28.8 percent to 2.512 billion manat.

The number of active plastic cards at the bank are 1.51 million.

On Feb. 17, the official exchange rate is 0.8063 manat to $1. 

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