NET PROFITS OF BANK OF BAKU MAKE UP 9.2BN AZM
Bank of Baku summarized the results of over the past 8 moths of 2005. The bank concluded the reviewed period with successful indices and occupies a leading place among the 5 best banks of Azerbaijan.
As of 1 September 2005 assets of Bank of Baku made up 244.5bn manats. The amount of credit portfolio expanded to 154bn manats.
As of 1 September the deposits made up 181bn manats. Over the first 8 months the net profits of the bank comprised 9.2bn manats.
To date the bank has 4 branches in Baku and one more I Sumgayit. Starting from September 2005 Bank of Baku and its branches deliver services on payments on account for subscribers of Azercell mobiule operator.