International Bank of Azerbaijan increased its assets by 22%

Baku. 17 October. REPORT.AZ/ International Bank of Azerbaijan (IBA) has increased its assets over the past year by 22%, the amount of which as of October 1, 2014 is 8.39 bln manats, Report informs referring to the press service of the bank.

The loan portfolio grew at an annual rate of 24.6% and amounted to 6.062 bln manats. The volume of loans to individuals amounted to 639.3 mln manats.

During the reporting period, the volume of household deposits amounted to 1.601 bln manats, which compared to October 1, 2013 is more by 4.9%.

The total capital of the bank for the year increased by 27.6% and amounted to $ 986.8 mln manats. The volume of the authorized capital of the International Bank of Azerbaijan reached 568.3 mln manats.

During the first 9 months of this year, IBA revenues totaled 438.7 mln manats, net profit - 44.7 mln manats.