Azerbaijani bank's profit ups 3.7 times in February

Business Materials 30 March 2010 18:46 (UTC +04:00)

Azerbaijan, Baku, March 30 / Trend N. Ismayilova /

Azerbaijani Bank of Baku's balance profit hit 2.297 million manat March 1. It increased by 3.7 times compared to January 2010, the bank said.

The bank's assets in February increased by 3.9 percent up to $ 192.32 million manat.

Bank's loan portfolio increased by 2.3 percent up to $ 144.03 million manat. The share of consumer loans in the loan portfolio of the bank was 85.89 million manat, and commercial - 51,4 million manat March 1.

Deposit portfolio of Bank of Baku has increased over the reporting period by 4.2 percent up to $ 141.88 million manat, of which 79.01 million manat falls to deposits of physical entities and 74.88 million manat - long-term deposits.

The total capital of Bank of Baku was 35.2 million manat March 1.

As of March 30, the official exchange rate is 0,8032 manat to $1.