News Column

International Bank of Azerbaijan assets jump by 25%

July 21, 2014

ENP Newswire - 21 July 2014

Release date- 18072014 - Assets of The International Bank of Azerbaijan (IBA) increased by 25.2% during the year and reached AZN 8.04 bln, according to the data for July 1, 2014.

IBA's loan portfolio increased 23.4% compared to July 1, 2013 and amounted to AZN 5.522 bln by 1 July 2014. Loans given to individuals reached AZN 588.6 million. Retail deposits in the Bank by the end of the second quarter of 2014 amounted to AZN 1.543 bln. Their growth compared to July 1, 2013 made up 5.1%.

IBA's total capital reached AZN 989.1 million that is by 29.2% more than by 1 July 2013. The authorized capital of the IBA reached AZN 563.3 million. First half year 2014 the Bank's revenues made AZN 330.2 million. IBA's net profit, according to data by 1 July 2014, amounted to AZN 29.7 million.

The number of active cards issued by the IBA by 1 July 2014 amounted to 2,035,532. The bank runs 709 cash machines and 7,399 POS-terminals.

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Source: ENP Newswire

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