Today.Az » Business » Bank of Baku net profit reaches AZN 2.07m
18 October 2006 [10:59] - Today.Az
As of 1 October, 2006 assets of Bank of Baku open joint-stock company made up AZN 64.16m increasing by 17.51% or AZN 9.56m as against the early year.
As APA reports, credits allowed to individuals and legal entities stood at AZN 41.51m which represents an AZN 12.11m or 41.19% rise during the past nine months. The liabilities of the Bank rose to AZN 50.34m from AZN 41.81m. The deposit portfolio reached AZN 46.99m increasing by AZN 17.15m or 17.95% during the nine-month period. The volume of the time deposits hit AZN 29.82m increasing by AZN 8.19m or 70.53%. During the nine month period the balanced capital amounted to AZN 13.82m, aggregate capital AZN 12.33m, paid authorized fund AZN 6.80m. As of October 1, the incomes and expenditures of Bank of Baku equaled to AZN 8.30m and 4.98m respectively. The Bank's net profit constituted AZN 2.07m during this period.
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