Bank of Azerbaijan made 488.000 AZM of profit

Business Materials 27 April 2006 14:55

The sheer profit (after the tax payment) of the Bank of Azerbaijan reached 488.000 AZM this year, the bank told Trend. The total amount of revenue reached 1.623.000 AZM; most part of it goes to percent revenues. 1.135.000 AZM has been spent by the bank in the reported period.

Bank` s assets reached 32.973.9 AZM by April 1, its loan portfolio 29.231.2 AZM (0, 12% of them are problem credits). Loan reserves are 2722.14 AZM- 672.900AZM of them are simple credits, 2049.2300 AZM- targeted.

Deposit portfolio reached 10917.000 AZM with the total amount of urgent deposits- 7169.000 AZM, including urgent deposits from physical persons- 5790.800 AZM.

The total capital of bank is 1220.5800 AZM with the paid founding fund of 10m AZM.