Consumer Credits Make 13.5% of Azerbaijan Largest Bank Portfolio
OREANDA-NEWS. May 12, 2011. The International Bank of Azerbaijan, the largest lender of the country and the Southern Caucasus, continues to unveil statistical data for the 1st quarter of 2011.
The Bank reports that as of 1 April the volume of consumer credits issued by the bank amounted AZN 388.885 million with total credit portfolio at AZN 2.879 bn.
As a result consumer credits make only 13.5% of the bank’s portfolio.
The Bank informs that on 1 April 2011 IBA’s assets amounted to AZN 4.696 bn, overall capital AZN 514.98 million, and authorized capital AZN 240 million.
In the 1st quarter the Bank received income of AZN 84.59 million manat and carried out expenditures for AZN 77.98 million. As a result, its net profit after payment of taxes amounted to AZN 6.608 million. As a result, by this April Bank’s return on assets (RoA) was 0.03% and return on equity (RoE) 0.25%. For the reported date IBA’s deposit portfolio was AZN 1.9 bn.
Exchange rate as of 1 April 2011 was AZN 0.7926 to the U.S. dollar.
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