Baku. 15 October. REPORT.AZ/ The International Bank of Azerbaijan (IBA) has announced its financial statements on nine months of 2018, Report informs.
The indicators reflect positive trends in bank’s activity after successful completion of the normalization process.
As of September 30, 2018, IBA’s assets stood at AZN 8.32 billion, net worth – at AZN 1.28 billion, loan portfolio at AZN 1.7 billion, individuals’ deposits at AZN 1.22 billion. The bank provided nearly AZN 200 million in loans and guarantees for real sector in the reporting period.
Increase of effectivrness in the activity also had a positive impact on bank’s profit. The bank ended nine months of 2018 on AZN 319 million in profit. Interest incomes made up AZN 308 million, incomes from operations amounted to AZN 87 million.
IBA started to implement a number of new projects in financial markets. These projects, which concern large corporate customers, small and medium business subjects, different customer segments, including individuals, are strengthening bank’s market positions.
More information about bank’s products and services can be obtained from 36 branches and 38 departments, www.ibar.az website, 937 Information Center, and Facebook page.