Azerbaijani bank’s assets up by quarter

Business Materials 26 December 2011 17:48 (UTC +04:00)

Azerbaijan, Baku, Dec. 26 / Trend N. Ismayilova /

Azerbaijani Bank of Baku's balance profit hit 26.16 million manat as of early December 2011, the balance sheet of the bank said today.

The bank's income amounted to 66.6 million manat as of early December. The assets have increased by 23.4 percent since early 2011 and amounted to 302.533 million manat as of Dec. 1.

The bank's deposit portfolio amounted to 223.22 million manat as of November, about 172.6 million manat fall to physical entities' deposits, 167.3 million manat - urgent deposits.

The bank's loan portfolio as of December 1 totaled 256.4 million manat. About 209.4 million manat were directed to consumer credit, commercial loans - 44.9 million manat.
The aggregate capital is 58.1 million manat. The paid share capital is 26.18 million manat.

Bank of Baku was established in 2005.
The official exchange rate is 0,7863 AZN/USD.