Cumulative capital of largest Azerbaijani Bank increases by more than 61 percent
Azerbaijan, Baku, July 23/ Trend
The assets of Azerbaijan's International Bank have increased by 24.8 percent during the year and amounted to 6.42 billion manat, according to the data for July 1, 2013, the bank reported on Tuesday.
The credit portfolio of the International Bank of Azerbaijan has increased by 31.2 percent compared to the first six months of 2012 and amounted to 4.473 billion manat in July 1, 2013. The loans given to the individual persons amounted to 518.8 million manat.
The deposits of the population in bank amounted to 1.482 billion manat, according to the result of the first six months of 2013. Their growth compared to July 1, 2012, amounted to 40.7 percent.
The cumulative capital of the bank amounted to 765.56 million manat, which is by 61.4 percent more than in July 1, 2012. The charter capital of the International Bank of Azerbaijan increased to 340 million manat during the year.
The net profit of the International Bank amounted to 24.3 million manat, according to the results of the first six months of 2013, increasing by 44.6 percent compared to the same period of 2012.
The ROA (return on assets) coefficient amounted to 0.39 percent and ROE (return on equity) - to 4.41 percent at the end of the first six months of 2013, compared to 0.34 percent and 3.90 percent relatively, in July 1, 2012.
The International Bank of Azerbaijan was established in January, 1992 and is the largest bank of the country. The main shareholder of the bank is the Azerbaijani government, which possesses 50.2 percent of shares and around 49.8 percent of shares fell to private individual and legal persons.
The official exchange rate for July 23 is 0.7844 AZN/USD.