AtaBank Summarized Financial Results of June
OREANDA-NEWS. July 30, 2013. The results of OJSC AtaBank’s financial activity for the end of February 2013 were successful. Thus in comparison with indices on the June 2012, AtaBank’s assets grew by 28.9% or 68.1 mln. manat up to 303.5 mln. manat.
Forming the main part of assets, the credit portfolio also grew much. An increase made up 32.3%% or 53.3 mln. manat up to 218.4 mln .manat. Within the reporting period was noted the essential increase of the term deposit portfolio. The increase has made 29.1% or 57.2 mln. manat and the size of deposit portfolio come to 254.0 mln. manat.
Also it's important to note, that the size of deposit portfolio was 196, 8 mln. manat on the end of June 2012. During the same period of time deposit on the population increased by 44.8 million manat or 41.3%, which amounted to 153.0 million manat. Thus in comparison with June 2012 the authorized capital has increased up to 11.9% or 2.9 mln. manat and has made 27.9 mln. manat.
AtaBank” successfully functioning since 1993 is one of the largest commercial banks of Azerbaijan. “AtaBank” OJSC has opened 24 branches, 12 of them located in Baku, and 12 of them in Gandja, Sumgayit, Khachmaz, Evlakh, Mingechevir, Shamkir, Geychay, Shirvan, Naftalan and Lenkoran.
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