OREANDA-NEWS. September 24, 2009. Bank of Baku OJSC has summed up the results of activity for Jan-Aug 2009.

The Bank reports that according to summary data as of 1st September 2009, its assets reached AZN 176.12 million.

“Our Bank’s loan portfolio by the reported date made up AZN 133.048 million, in particular AZN 50.15 million of commercial loans and AZN 81.548 million of consumer loans. During the year deposit portfolio has risen up to AZN 128.8 million,” it was informed.

By 1st September BoB’s revenues approached to AZN 25 million and expenditures made about AZN 18 million.

"Our balance profit reached AZN 5.833 million by early September,” the Bank informed.

By early September BoB Return on Assets (ROA; net profit after taxation/average size of assets for the period) reached 4.86%, while Return on Equity (ROE; net profit after taxation/ average size of overall capital for the period) 25.71%.

Bank’s capital for the reported term was at the level of AZN 32.726 million with charter capital at AZN 6.8 million.