OREANDA-NEWS. August 06, 2009. The International Bank of Azerbaijan (IBA) continues to increase profitability. As the Bank reports, as of July 1st, 2009, its net profit (after taxation) already totaled 62,189.36 thousand manats as compared to 98.693 million manats at the consolidated balance sheet following the results of the whole year of 2008, reported the press-centre of IBA.

The volume of aggregate capital reached 446,154.94 thousand manats with the authorized capital of 197,586.75 thousand manats.

As of July 1st, 2009, the aggregate volume of Bank's assets amounted to 3,466,986.66 thousand manats. As of the accounting date, the exchange rate constituted 0,8042 manats per US dollar.
In 2008, the Bank's profit grew by 32% in comparison with 2007, and amounted to 133.008 million manats. Taking into account the profit tax, which amounted to 34.315 million manats, the Bank's net profit totaled 98.693 million manats.

The Bank's authorized capital amounted to 189.737 million manats with a growth of 89% over the past year. At the same time, following the results of 2008, the volume of Bank's the aggregate capital amounted to 384.409 million manats. Following the results of 2008, the aggregate volume of International Bank's assets amounted to 3.856 billion manats with a growth of 42% over the year. At the year-end of 2008, the manat exchange rate constituted 0,801 per 1 US dollar.