Amrahbank raises its assets 31% for Q1

Bank told APA-Economics that its loan portfolio expanded 31.25% to AZN 27.655mln and deposit portfolio increased 25.55% to AZN 17,041,500.

Bank's aggregate capital rose 31.76% to AZN 10,186,080, including the authorized capital of AZN 6.779mln.
Revenue for the first quarter reached AZN 2,717,500, 2.475 higher from a year earlier while expenditure rose 25.17% to AZN 995,600.

Bank's Q1 profit totaled to AZN 172,800, up 10.67% from last year.

Established by five individuals in 1993, Amrahbank has 24 branches (5 in Baku), 9 ATMs and 8 POS terminals.