Azerbaijani AtraBank earns 4.7 times more profit for two months compared to entire 2011
Azerbaijan, Baku, March 18 /Trend A.Hasanov/
Earnings of Azerbaijani AtraBank amounted 159.97 manat in January - February, 55 percent of which were received by the bank in February, the bank told Trend.
The bank's profit amounted to 71.6 thousand manat in January and 88.37 manat in February.
"Profit for the two months exceeded the figure for last year by 4.7 times. The bank earned 33.87 manat in 2011," the bank said.
AtraBank increases assets by 0.2 percent to 62.689 million manat during February. The assets amounted to 62.509 million manat last year.
The authorized capital of the bank has remained unchanged - at 10 424.8 thousand manat this year. The bank doesn't plan to increase it in 2012.
The total capital of AtraBank increased by 0.6 percent in February and by 1.3 percent, reaching 11.401 million manat since the beginning of the year .
AtraBank was established in December 1992. The main activities of the bank are the development of agricultural, textile, oil and other industries. The bank network includes 13 branches, nine of which are located in Baku and four - the country's regions.
Official exchange rate on March 16 is 0.7863 AZN/USD