AtaBank, one of the largest commercial banks in Azerbaijan, recently announced successful financial and economic results for 2013, with growth of 30.4 percent.
Overall assets increased by $111.5 million, from $367.35 million to $478.86 million. Its credit portfolio grew by 28.3 percent, or $68 million, to $308.7 million while its overall deposit portfolio grew by 30.9 percent, or $96.05 million, to $407.08 million.
By the end of the year, return on assets and return on capital were 1.8 percent and 19.4 percent, respectively.
Net profits for the bank totaled $7.15 million.
AtaBank also plans to open several new branches and offices and upgrade its international ratings.
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