TODAY.AZ / Business

Azerbaijan Industry Bank's nominal capital to grow 15%

25 January 2007 [00:55] - TODAY.AZ
Azerbaijan Industry Bank's assets reached AZN 27,919,359.86.

Bank's head office told the APA that its credit portfolio expanded 60% to AZN 13,949,798.85, deposit portfolio doubled to AZN 13,570,097.85.

The bank's liabilities more than doubled to AZN 16,558,530.74.

The aggregate capital reached AZN 7.054m, nominal capital AZN 7.8m. It was decided at the meeting to increase the authorized capital by AZN 9m or 15.4%.
Azerbaijan Industry Bank (former CIBank) was established in 1996.


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