Azerbaijani Atabank announces strategic goals for 2014

Azerbaijani Atabank announces strategic goals for 2014

Baku, Azerbaijan, Feb. 7


The financial and economic results of Atabank in 2013 were successful, according to a message from the bank.

Thus, a growth by 30.4 percent or by 87.3 million manats was observed last year in dynamics of assets, the bank said. In other words, in early 2013 the assets were 287.6 million manats, whereas by late 2013 they increased to 374.9 million manats.

A growth was also observed in the credit portfolio, which is the major constituent part of assets. The growth stood at 28.3 percent or 53.3 million manats. Thus, in early 2013 the credit portfolio was 188.5 million manats, whereas in late 2013 this figure increased to 241.7 million manats.

"In 2013 there was a significant growth in the overall deposit portfolio of the bank. Thus as a result of a growth by 30.9 percent or by 75.2 million manats, this indicator stood at 318.7 million manats. We have to note that in the beginning of the year this figure was 243.5 million manats. The term deposit portfolio of the bank rose from 189.6 million manats by 28.7 percent or 54.5 million manats to 244.1 million manats. During 2013 there was a major growth on term deposits of individual customers. In comparison with the beginning of the year the deposits of individuals grew by 28.4 percent and exceeded 172.7 million manats," the bank said.

By late 2013 the return on assets (ROA) and return on the capital (ROE) amounted to 1.8 percent and 19.4 percent respectively. By early 2014 the numbers of ATMs and POS terminals of the bank were accordingly 80 and 8188.

The bank's net profit by late 2013 stood at 5.6 million manats.

"2013 was significant for Atabank not only with its financial results, but also with memorable events," according to the message.

Atabank celebrated its 20th anniversary in 2013.

The bank's achievement also included the reviewing of deposits policy and presentation of new deposit products, namely "Universal", "Accumulative" and "VIP". These deposits are allocated in banking market with their high profitability. Between early and late 2013 the bank also presented profitable credit products and achieved success in it.

The campaign supporting state policy on stimulating the non-cash payments - "Pay non cash, get cash" will continue this year also, as in the previous year.

"The achieved success imposes much more responsibility to the bank and its employees in 2014. Always following "A step ahead" principle Atabank plans to further improve the quality of its working system and introduce new products and services to meet the expectations of its customers more completely. The growth of financial indicators and continuing of institutional development are the integral parts of bank's development strategy for this year," the bank said.

The bank also plans to open several new branches and divisions. The main goals of 2014 include applying new services, improving professional skills of the employees, increasing the financial literacy of customers and upgrading international ratings of the bank.

The audit report of Atabank for 2013 has been provided by Deloitte&Touche.

The official exchange rate on Feb. 7 is 0.7843 AZN/USD.

Subscribe to Trend in Google News! Subscribe
SOCAR Georgia Gas opens tender on pickup trucks through operating lease
SOCAR Georgia Gas opens tender on pickup trucks through operating lease
Uzbek-Korean JV announces tender to buy clarifier
Uzbek-Korean JV announces tender to buy clarifier
LUKOIL Uzbekistan to buy ceramic balls for catalysts via tender
LUKOIL Uzbekistan to buy ceramic balls for catalysts via tender
Loading Bars
Graduation ceremony of the Azerbaijani servicemen participating in the courses was held in Turkey
Heavy rains lash India's Kerala, red alert sounded in 5 districts
Share of households with internet access increases in Georgia
Seventeen U.S. missionaries and family kidnapped in Haiti
Iranian private investments in Tajikistan expected to grow
1,900 new COVID-19 cases reported in Kazakhstan
IRICA unveils data on exports of Iran to Belarus
Azerbaijan national team takes second place at Grand Slam judo tournament
8 killed, over 20 injured in traffic accident in Peru
1 deputy killed, 2 injured in "ambush shooting" in U.S. Texas
Israel's active COVID-19 cases below 20,000
At least 6 dead, 1 missing after ship sinks in Brazil
Azerbaijani Foreign Ministry shares publication in connection with anniversary of Armenia's missile attack on Ganja
Information about firing of Azerbaijani army in direction of Arazdeyen does not reflect truth - Ministry of Defense
Sudan protest calls for military coup as political crisis deepens
Chronicles of Victory: President Ilham Aliyev addresses the nation on October 17, 2020 (PHOTO/VIDEO)
Chronicles of Victory: October 17, 2020
District Election Commissions to sum up protocols of municipal polls in Georgia
A working meeting of the delegations of Uzbekistan and Afghanistan takes place
Russian authorities say 18 dead in suspected alcohol poisoning in Yekaterinburg
UN chief welcomes unilateral cease-fire in CAR
Iran’s Bahar Azadi gold coin price continues to rise
Work on increasing wages, pensions and benefits begins - Ministry of Finance of Azerbaijan
Official talks reasons for increase in gas prices in Azerbaijan
Post-conflict reconstruction projects launched by President Ilham Aliyev is unprecedented - Aide to President (VIDEO)
Azerbaijani IDEA signs agreement with All-Russian Society for Nature Conservation (PHOTO)
Saudi Arabia's PIF launches offshore platform tourism project
NATO Special Representative for Caucasus to visit Azerbaijan
Iran's Energy Exchange announces products to be on sale on October 17
Iran reaches grow in exports to Kyrgyzstan
World gas prices grow by 20-30 times compared to last year - SOCAR
Latvia to gift Georgia 83,070 doses of Pfizer jab
Earthquake hits southern Iran
Azerbaijan shares data on number of vaccinated citizens
Azerbaijan confirms 1,681 more COVID-19 cases, 675 recoveries
South Caucasus countries need to coordinate to open communications - Pakistani diplomat
Azerbaijani President Ilham Aliyev signs decree on raising social payments
Iran reveals COVID-19 data for October 16
Uzbekistan to privatize public park in Tashkent
Muslims all together sympathetic with Azerbaijan - Palestinian ambassador
Iran's exports to Kazakhstan up
SOCAR Georgia Gas opens tender on pickup trucks through operating lease
Turkish president and German chancellor holding talks in Istanbul
Novak does not rule out recurrence of energy crisis in Europe, urges its prevention
Azerbaijani official talks victims of Armenian attacks on Tartar during Second Karabakh War
Centuries needed to revive nature of Azerbaijan's Karabakh - minister
Azerbaijan raises electricity and gas prices
Restoration work in Azerbaijan’s liberated territories show positive trend – Kyrgyz ambassador
Over past 25-30 years, no country independently conducted such large-scale reconstruction in post-conflict period - aide to Azerbaijani president
Armenia must take serious and positive steps to open communications - Azerbaijani president's assistant (Exclusive)
Azerbaijan looks to sign document on demining liberated territories with France
Azerbaijan's Air Defense Units carrying out combat firing exercises (VIDEO)
Azerbaijan's Karabakh to be famous for its "smart cities" and agricultural products - Turkish ambassador
Iran boosts exports to Russia
Russia registers over 1,000 coronavirus deaths in 24 hours first since pandemic starts
Kazakh energy minister names reasons for shutdown of Pavlodar refinery
Iran sees increase in trade turnover with EAEU member states
Representatives of diplomatic corps view restoration work in liberated territories of Azerbaijan (PHOTO)
First plane with UN humanitarian aid for Afghanistan arrives in Uzbekistan
Iran records increase in load/unload operations in Amirabad port
Georgia and US to discuss co-op in Black Sea
Fuzuli Airport Granted International Status and Assigned IATA Code
Uzbekistan to fund startups in various sectors
U.S. lawmaker blames Boeing leaders for culture that led to crashes
Turkmenistan to purchase agricultural machinery from foreign manufacturers
Iran Energy Exchange shares data on sales of Iran’s Jam Petrochemical Company
Azerbaijan names gymnasts to perform at World Championships in Japan
During former occupation of Sugovushan, Armenia deprived vast lands of water - aide to Azerbaijani president (PHOTO)
Volume of loaded and unloaded cargo in Iran’s Noshahr Port down
Georgia shares data on COVID-19 cases for October 16
Kazakhstan boosts trade with Turkmenistan over 8M2021
Exports of steel manufacturers in Iran increase
Georgia, EU, and Turkey enter into "diagonal cumulation" agreement
Azerbaijani sees increase in oil prices
Iran raises ceiling on housing loans
Uzbekistan’s FEZ creates good basis for deepening co-op with Azerbaijan
Turkmenistan’s private enterprise eyes building dry cargo vessel
Trade turnover between Russia, US may hit record this year, says Deputy PM Overchuk
Iran to launch several shipping lines to Russia, Kazakhstan
Iran looks to improve transportation of goods from Khuzestan Province
Russia’s Korona Pay eyes expanding money transfers via Azerbaijan's mobile banking apps
Gas prices in Europe to remain high over next 6 months
Iranian currency rates for October 16
Turkmenistan's electric potential rises after commissioning new capacious power plants
Iran to increase fuel production
UK MP killing was terrorist incident, Met Police say
Representatives of diplomatic corps in Azerbaijan begin visit to Sugovushan
Czech Republic eyes to support improvement of Georgian air transport infrastructure
1,900 more COVID-19 cases reported in Kazakhstan
Biden says those who refuse to testify in Jan 6 probe should be prosecuted
ISIS claims responsibility for mosque attack in Afghan city of Kandahar
Fully vaccinated foreign visitors can enter U.S. starting on Nov. 8
China's Shenzhou-13 crewed spaceship docks with space station module
UK records more than 40,000 COVID cases for third day in a row
Biden says Clinton will be released ‘shortly’ from California hospital
Amazon-owned Twitch says source code exposed in last week's data breach
Israel's annual inflation up 2.5 pct, highest in nearly decade
Africa's COVID-19 cases surpass 8.41 mln: Africa CDC
US shares specific data on cybercrime with Russia, awaits its actions, White House says
Saudi Arabia appoints Al-Rabiah as new Hajj minister
All news