OREANDA-NEWS. July 16, 2007. In comparison with Q2'06, the assets of "Bank of Baku" increased by 49,36 million manats or by 95% and reached 101,48 million manats. Credit portfolio grew by 116% to 74,61 million mantas, reported the press-centre of “Bank of Baku".

Liabilities of the Bank increased from 39,11 million manats to 85,11 million manats. The deposit portfolio of "Bank of Baku" expanded by 107% to a record 77,72 million manats. Term deposits increased by 27,10 million manats or by 160% to 44,03 million manats.

As of July 1 2007, balance capital of the Bank was 16,37 million manats, total capital reached 14,08 million manats, while charter capital remained at 6,80 million manats.

The revenue of "Bank of Baku" increased to 8,79 million manats, while expenses reached 6,14 million manats. After tax net profit of the Bank year-to-date Q2'07 amounted to 1,35 million manats.

In addition, the Bank significantly expanded its plastic card operations. Total number of plastic card issued was 38 168, out of which 27 414 were credit cards and 10 754 debit cards.