The FINANCIAL — According to APA-Economics, as of January 1, Bank of Azerbaijan’s assets stood at AZN 92 million, 63.8% higher from a year earlier.
The bank said loan portfolio rose 62% to AZN 74.413 million, deposit portfolio more than doubled to AZN 35.652 million, aggregate capital went up 16.6% to AZN 14.463 million and authorized capital stood at AZN 10 million.
Revenues rose 71.5% to AZN 13.887 million and expenditures increased 58.8% to AZN 9.647 million during 2007.
The bank’s profit doubled to AZN 4.240 million and net profit more than doubled to AZN 3.2 million.
Bank of Azerbaijan has been in operation since 1993.
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