IBA sees 23% rise in assets

Baku: As of April 1, 2014, International Bank of Azerbaijan’s assets stood at AZN 7.648 bln, up 22.8% from previous year. Bank says loan portfolio rose 28.2% to AZN 5.155 bln. Loans given to individuals made AZN 557.2 mln.

Personal savings made AZN 1.542 bln, up 8.7% by contrast to a year earlier. Total capital surged 27.1% to AZN 950.6 mln.

Authorized capital reached AZN 499.8 mln, incomes – AZN 143.97 mln, net profit – AZN 12.3 mln. Bank has 2,041,206 active plastic cards. The bank operates 697 ATMs and 5,123 POS-terminals.

SOURCE: AZERI PRESS NEWS AGENCY