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Azerbaijani NBCBank's profit increases over 12 percent

Business Materials 19 December 2009 11:46 (UTC +04:00)

Azerbaijan, Baku, Dec. 19 / Trend N. Ismayilova /

Azerbaijani NBCBank's profit increased 12.1 percent per year and hit 1.67 million manat, the bank said.

As of Dec. 1, 2009, the amount of the bank's assets hit 49.13 million manat. The bank's joint capital increased 18.04 percent and hit 18.42 million manat compared to 2008.

The authorized capital of the bank increased 14.79 percent and hit 15.6 million manat.

At present, the bank has seven branches in Azerbaijan. Two branches are situated in Ganja and Sumgait. The bank plans to expand the number of its branches in future.  

On Dec. 19, the official exchange rate is 0.8032 manat to $1.

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