OREANDA-NEWS. May 12, 2011. The International Bank of Azerbaijan, the  largest lender of the country and the Southern Caucasus, has unveiled statistical data for the 1st quarter of 2011.

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%.

The IBA credit portfolio by April reached AZN 2.879 bn and deposit portfolio – AZN 1.9 bn.

Exchange rate as of 1 April 2011 was AZN 0.7926 to the U.S. dollar.