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Azerbaijani bank ups balance sheet profit

Business Materials 20 October 2010 11:02 (UTC +04:00)

Azerbaijan, Baku, Oct. 20 / Trend N.Ismayilova /

The balance sheet profit of the Azerbaijani Bank of Baku increased by 77.2 percent since early 2010 and amounted to 10.756 million manat as of Oct.1, the bank reported. The bank's revenues amounted to 36.176 million manat in September.

The bank's assets increased by 22.2 percent, amounting to 228.93 million manat.

During the report period, the bank's deposit portfolio increased by 25.6 percent to $ 175.166 million manat, of which 117.353 million manat account for pledges and contributions of individuals, and 112.121 million manat - term deposits.

Its loan portfolio increased by 27.4 percent and amounted to 179.762 million manat. The share of consumer loans in the loan portfolio of the bank amounted to 125.302 million manat, while commercial - 47.361 million manat.

The aggregate capital hit 37.482 million manat as of Oct.1. The banks' paid share capital is equal to 12.852 million manat.

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