Net Profit of AtaBank Increased
OREANDA-NEWS. April 20, 2012. AtaBank OJSC has summarized the first quarter of 2012 with successful financial and economic results. Thus in comparison with the corresponding period of the last year, the increase of net assets of the bank has made 12.0% or 24.3 mln manat and come to 227.1 mln. Manta, reported the press-centre of AtaInsurance.
Within current year the credit portfolio also has undergone essential changes. As a result of changes the total credit portfolio has increased on 17.4% or 22.9 mln. manat. On the end of March the size of credit portfolio has made 154.5 mln. manat.
The term deposit portfolio has increased in comparison with march 2012. The increase has made 11.8% or 17.3 mln. manat and the size of deposit portfolio come to 163.4 mln. manat. Also it’s important to note, that the size of deposit portfolio was 146,1 mln. manat on the beginning of 2011. During the reporting period was noted more dynamical growth of physical persons deposits. So, the deposits of physical persons have increased on 36.9% and has made 106.0 mln. manat.
On the end of March return on assets (ROA) and return on equity (ROE) has made 0.52% and 4.69%. Also AtaBank has expanded the network of POS terminals and the number of POS terminals has come to 2000.
On the end of March the balance sheet profit of the bank has also increased and has made 1.2 mln. manat. Thus in comparison with similar period of the last year the balance sheet profit has increased more than in 2.3 times. On the end of reporting period the authorized capital has made 25.0 mln. and the total capital of the bank has made 30.4 mln. manat.
Increase of financial numbers and institutional development will be the major goals of the bank in the current year. Also the bank plans to open the electronic divisions and some more branches in the current year.At the moment financial reports of the Bank are checked by international audit company “Deloitte&Touche”.
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