Unibank sees sharp rise in profit

As of July 1, 2019, Unibank OJSC’s assets stood at AZN 799.494 million, up 28.7% from the previous year.

Report informs citing the bank that the loan issued for customers amounted to AZN 404.703 million. The loan portfolio extended by 22% year-on-year.

Liabilities rose by 25.4% to AZN 681.029 million, deposit portfolio went up 47.5% to AZN 519.229 million, total capital increased by 51.5% to AZN 118.464 million.

Incomes grew by 68.8% to AZN 51.684 million, expenditures ascended by 21.7% to AZN 46.993 million, savings on allocations for special reserves advanced by 2.55-fold to AZN 57.778 million, profit tax amounted to AZN 35,000. Consequently, the bank ended the first half of 2019 on AZN 62.435 million in net profit, while this figure was AZN 14.639 million in 2018.

Unibank has been in operation since 2002. Its authorized capital is AZN 125.686 million.