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Azerbaijani bank ups credit portfolio by over 12%

Business Materials 27 December 2010 13:47 (UTC +04:00)

Azerbaijan, Baku, Dec. 27 / Trend /

The assets of Azerbaijani ASB Bank totaled 105.85 million manat as of Dec.1, compared to 130.64 million manat as of early 2010, which decreased by 19 percent, the bank said on Monday.

The bank's deposit portfolio amounted to 72.88 million manat compared to 82.9 million manat as of early 2010, which decreased by 12.1 percent.

The bank's loan portfolio increased by 12.1 percent to $ 68.6 million manat from early 2010 compared to 61.2 million manat. Its aggregate capital amounted to 26.3 million manat and authorized capital -22.11 million manat.

ASB Bank started operations in 1996 as "CI Bank" and changed its name in 2006. At present there are eight bank branches, 28 ATMs and 288 POS-terminals.

The official exchange rate is 0. 7985 manat to $1 Dec. 27.

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