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Wednesday, August 23, 2017

IBA's assets rise more than 25 percent in first half of year to $8 billion

The International Bank of Azerbaijan announced on Thursday that assets in the first half of the year increased by 25.2 percent, reaching $8 billion.

The bank's loan portfolio during this period increased by 23.4 percent to $5.5 billion, and loans to individuals amounted to $589 million.

During the first half of the year, deposits totaled $1.5 billion, an increase of more than 4.1 percent compared to the same period last year.

The bank's total capital increased 29.2 percent over the first half, reaching $989 million.

At the same time, the bank said there are 2,035,532 active plastic cards with a network of 709 ATMS and 7,399 POS terminals.