Azerbaijan, Baku, Oct. 21 / Trend E. Aliyev /
Azerbaijani Unibank expects to bring the volume of the loan portfolio up to 570-580 million manat by late 2013, executive director of the bank Jalal Gasimov told Trend today.
"At present, the bank's loan portfolio exceeds 525 million manat," he said. "We expect to bring the portfolio up to 570-580 million manat by late 2013."
As for the bank's plans on the credit investment volume in 2014, Gasimov said that currently, the planning is underway, so it is too early to talk about the exact figures.
"I think that we will be able to deliver 100 million manat in 2014," he said. "This figure is highly dependent on the level of charge backs. We must thoroughly examine this aspect. I think around 100 million will be possible. It will be good to increase the loan portfolio by 75-80 million manat. The bank's loan portfolio volume may hit from 650 to 700 million manat by late 2014."
Unibank was established on October 15, 2002 as a result of the merger of two private commercial Azerbaijani banks, Mbank and Promtechbank. Unibank is a universal financial and credit institution rendering retail and corporate services. The bank's shareholders include the European Bank for Reconstruction and Development (15.1515 percent) and the German Investment Corporation DEG (8.3333 percent).
The rest of the equity has been distributed amongst the shareholders as follows: Eldar Garibov owns 50.8083 percent, Igor Yakovenko - 17.5301 percent, Zemfira Jafarova - 5.5 percent, minor shareholders - 2.6767 percent.
The official exchange rate is 0,7843 AZN/USD on Oct. 21.
