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Unibank Reports on Financial Statement for First Quarter of 2007

Business Materials 16 July 2007 17:22 (UTC +04:00)

Azerbaijan, Baku / corr. Trend / Financial indexes of commerce UniBank for a year increased by 1.5 twice over.

The bank's assets increased by 80.2% in January-June and made up AZN 254mln. As compared to the index of 2006, the bank's assets increased by 162.5%. Credit portfolio of the bank for the first quarter increased by 71.2% and amount to AZN 149,4mln, which is by 139.1% more compared to 1 July 2006.

The total volume of deposits drawn by the bank for the first quarter made up AZN 95.3mln. As compared to the latest index of 1 July 2006, the deposit portfolio of the bank increased by 54%. The bank's income on 1 July made up AZN 14.83mln, which is more by 97.5% as compared to 1 July 2006.

Expenditures of the bank made up AZN 14,38mln. Bank received some AZN 453,000 in the first quarter of 2007.

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