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Azerbaijani bank's profit increases by 8 percent in Oct.

Business Materials 25 November 2010 17:13 (UTC +04:00)

Azerbaijan, Baku, Nov. 25 / Trend N. Ismayilova /

Azerbaijani Bank of Baku's balance sheet profit increased by 8 percent in October. It hit 11.62 million manat Nov. 1, the bank said. The bank's revenues totaled 40.95 million manat in September.

The bank's assets increased by 3.1 percent and amounted to 236.114 million manat in October.

The bank's deposit portfolio increased by 3.8 percent, amounting to 181.79 million manat during the reporting period. Roughly 124.33 million manat falls to pledges and contributions of physical entities, 118.65 million manat - urgent deposits.

The bank's loan portfolio increased by 2.5 percent, amounting to 184.223 million manat. The share of consumer loans in the loan portfolio of the bank hits 129.84 million manat, commercial - 47.22 million manat November 1.

The joint capital amounted to 38.38 million manat Nov. 1. The paid share capital of the bank hits 12.852 million manat.

The official exchange rate is 0.8 manat to $1.

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