Azerbaijani Royal Bank's assets increase 20 percent in first six months
Azerbaijan, Baku, July 30 / Trend N. Ismayilova /
As of July 1, Azerbaijani Royal Bank's assets hit 125.4 million manat exceeding 19.3 percent compared to corresponding index as of early 2009, the bank said.
Joint capital reduced 1.1 percent and hit 21.6 million manat as of the first six months. Authorized capital is 19.9 million manat. Net profit of the bank hits 88,370 manat as of the first six months. As of January 1, this index hit 124,900 manat.
Loan portfolio of the bank increased 7.8 percent up to 86.3 million manat as of the first six months. Depositary portfolio of the bank hits 50.37 million manat increasing 51.7 percent. Profit of the bank hits 6.14 million manat as of the first six months.
RoyalBank is commercial bank operating in Azerbaijan and having 31 branches in Baku and Azerbaijani regions.
RoyalBank was established as joint commercial bank OZ Bank on August 2, 1993. bank's shares were at Baku Stock Exchange in 2006. Legal status of the bank was changed for OJSC.
On July 30, the official exchange rate is 0.8043 manat.
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