Azerbaijani bank's profit ups by 38 percent in June

Business Materials 29 July 2011 13:58 (UTC +04:00)

Azerbaijan, Baku, July 29 / Trend N. Ismayilova /

The balance sheet profit of Azerbaijani Bank of Baku increased by 38.1 percent in June and amounted to 11.7 million manat as of July 1, the bank said.

The bank's income during the month increased by 24.6 percent and hit 33.04 million manat. The bank's assets amounted to 260 million manat as of July 1.

The bank's deposit portfolio in June reduced by 1.6 percent, amounting to 192.9 million manat, of which 149.1 million manat fall to physical entities' deposits, 142.4 million manat - urgent deposits.

As of July 1 the bank's loan portfolio totaled 214.13 million manat, increasing by 3.8 percent.

As of July 1, the total capital of the bank totaled 48.4 million manat.

Bank of Baku was established in 2005.