The International Bank of Azerbaijan increased its assets to $9.13 billion as of Jan. 1, an increase of 21.7 percent.
It reported a 30.5 percent increase in its loan portfolio, which grew to $6.41 billion as of Jan. 1, as well as a total of $706.7 million in loans to individuals.
The bank saw a 22.2 percent increase in the amount of deposits during the reporting period and an increase of 25.5 percent in total capital, reaching $1.15 trillion. It reached an authorized capital of $604.5 million.
The bank's total revenue was at $603.48 million and its net profit grew by 17.3 percent.
The bank has reported the activation of 2 million IBA cards and its service now includes 690 ATMs and 4,951 POS-terminals.
More Stories
- EUROPEAN INVESTMENT BANK: Bosnia and Herzegovina: EIB provides €340 million to advance works on northern part of Corridor Vc
- ABN AMRO SERVICES COMPANY: Fempower Your Growth: like tindering with female entrepreneurs
- EUROPEAN INVESTMENT BANK: Egypt: Team Europe - EIB and Banque Misr work together to support private businesses and speed up the recovery of SMEs from COVID-19
- ASIAN DEVELOPMENT BANK: ADB, NNS Sign Loans to Build Milestone Solar Power Project in Uzbekistan
- ASIAN DEVELOPMENT BANK: $123 Million ADB Loan to Help Build Elevated Walkways in Manila
- EUROPEAN INVESTMENT BANK: Germany: EIB provides €15 million of funding to IDnow
- ASIAN DEVELOPMENT BANK: CAREC Endorses Long-Term Strategy to Promote Safe, Sustainable, and Inclusive Tourism
- EUROPEAN INVESTMENT BANK: EIB Group provides €150 million to support artificial intelligence companies
- ASIAN DEVELOPMENT BANK: ADB Approves $430 Million to Help Rehabilitate Power Distribution Networks in Uttar Pradesh, India
- EUROPEAN INVESTMENT BANK: Greece: EIB backs EUR 470 million road safety scheme