Azerbaijani International Bank's profit ups by over 7 percent per year
Azerbaijan, Baku, April 27 / Trend /
The International Bank of Azerbaijan's profit (IBA) totaled 7.082 million manat as of the first quarter of 2012, increasing by 7.2 percent compared to the period of January-March 2011, the press service of the bank said on Friday.
IBA's revenues increased by 8.3 percent per year and amounted to 91.643 million manat as of April 1, 2012.
As of April 1, the ROA coefficient of the bank amounted to 0.14 percent, ROE - 1.77 percent compared to 0.03 percent and 0.25 percent respectively as of April 1, 2011.
The IBA was founded in January 1992 and is the largest bank in the country. Its main shareholder is the Azerbaijani government, which owns 50.2 per cent of the shares, while 49.8 per cent is owned by private physical and legal bodies.
The official exchange rate is 0.7862 AZN/USD on April 27.