IBA gets 23% rise in assets

Baku: Parviz Nuriyev; As of April 1, 2014, assets of the International Bank of Azerbaijan made AZN 7.648 bn, up 22.8% from previous year.

During the reporting period, loan portfolio of the bank grew by 28.2% to AZN 5.155 bn, including loans given to individuals were AZN 557.2 mln, which make 10.8% of total loan portfolio. Personal savings stood at AZN 1.542 bn (+8.7%).

Total capital rose 27.1% to AZN 950.6 mln as well as authorized capital stood at AZN 499.8 mln. Net profit made AZN 12.3 mln, incomes – AZN 143.97 mln.

The bank operates 35 branches, 697 ATMs, 5,123 POS-terminals across the country.

SOURCE: AZERI PRESS NEWS AGENCY