Azerbaijan, Baku, June 1 /Trend A.Hasanov/
The Azerbaijani ATRABank plans to expand its market share in retail banking this year, the bank told Trend on Friday.
The amount of the loan portfolio amounted to 45.6 million manat as of May 1, 39 per cent of which accounts for retail. Some 41.86 million manat was issued for consumer lending.
"The Bank's strategy for 2012 includes ensuring maximum stability and efficiency of the banking business and the interests of creditors and depositors. The bank will continue to develop as a universal financial institution" a bank spokesperson said.
Emphasis will be placed on the promotion of short term loan products for each client segment on the background of the deficit of 'long' resources
"The bank will continue to pay great attention to risk management, ensuring the necessary level of fund-raising and maintaining a balanced portfolio of assets and liabilities" the spokesperson said.
The share of problem loans in total loan portfolio amounted to 8.1 per cent, whereas at the beginning of 2012 the figure was 8.4 per cent.
This year ATRABank also plans to increase its capital base. The question of the capital increase will be tabled at a meeting of shareholders to be held in early June. As of May 1, the authorised capital of the bank amounted to 10.42 million manat, and total capital of 11.506 million manat.
AtraBank was established in December 1992. Its main activities 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 in the country's regions.
Official exchange rate on June 1 is 0.7857 AZN/USD