Azerbaijani Bank Avrasiya's assets increase for first six months

Business Materials 29 July 2009 18:58 (UTC +04:00)

Azerbaijan, Baku, July 29 / Trend N. Ismayilova /

Assets of Azerbaijani Bank Avrasiya hit 48.14 million manat as of July 1. It exceeds 6.6 percent corresponding index as of early 2009, the bank said.

Joint capital increased 4.4 percent and hit 21.3 million manat for the first six months. Authorized capital is 20 million manat. Net profit of the bank hits 919,040 manat as of the first six months. As of January 1, this index hits 88,400 manat.

Loan portfolio of the bank reduced 21.9 percent up to 22.1 million manat as of the first six months. Deposit portfolio of the bank hits 21.3 million manat increased 1.9 percent.

Universal bank license was given to Bank Avrasiya in November 2007. 

On July 29, the official exchange rate is 0.8042 manat to $1.