Azerbaijan, Baku, Aug.20 / Trend, N. Ismayilova /
Balance sheet profit of Azerbaijani Bank of Baku increased by 22.3 percent in July, amounting to 14.31 million manat as of Aug.1, the bank's balance sheet says.
The bank's income during the month grew by 18.9 percent, amounting to 39.3 million manat. The bank's assets increased by 4.3 percent during the reporting period and amounted to 271.17 million manat as of Aug.1.
The bank's deposit portfolio in July increased by 4.9 percent, reaching 202.35 million manat, 154.97 million manat of which accounted for physical entities' deposits, 148.03 million manat - fixed deposits.
The bank's loan portfolio as of Aug. 1 hit 224.2 million manat, increasing by 4.7 percent. The bank sent 181.24 million manat for consumer lending, commercial loans as of Aug.1 hit 41.44 million manat.
The total capital of the bank as of Aug. 1 amounted to 51.18 million manat. Paid authorized capital is 26.18 million manat.
Bank of Baku was established in 2005 by mergering two local private banks - "Bank of Baku" and "IlkBank". At present, 40 percent of the bank's shares belong to Turkish group of companies NAB, 10 percent - Elchin Isayev (Chairman of the Supervisory Board), over 29 percent - Azpetrol and about 21 percent - to a physical entity and AzInvest company.
The official exchange rate is 0.7863 manat to $1 on Aug.20.