Azerbaijani bank’s profits hit nearly $9 mln
Azerbaijan, Baku, Nov.4 / Trend, N. Ismayilova /
The revenues of the International Bank of Azerbaijan (IBA) have hit 103.893 million manats so far this year, increasing by 22.8 percent and 20.4 percent compared to the first and second quarters of 2011 respectively, the IBA said on Friday.
In the past half year, the IBA's credit investments in various sectors have exceeded 184 million manat.
Today, the bank's loan portfolio has reached 3.064 billion manat, which is 28 percent of the total credit investments in the banking sector.
The IBA's assets jumped by 226 million manat compared to the first quarter of 2011 to 4.923 billion as of Oct.1. The bank's net profit increased by 35 percent compared to the previous quarter and totaled 7.05 million manat.