OREANDA-NEWS. January 19, 2007. The increase of net assets of the bank has made 76,6% or 48,033.4 thousand manat and come to 110,705.4 thousand manat on the end of 2007 year, reported the press-centre of AtaBank.

At the beginning of year the size of general bank assets was 62,671.9 thousand manat. Within current year the credit portfolio also has undergone essential changes . As a result of these changes the credit portfolio has increased on 68,0% (28,563.0 thousand manat) and has exceeded 70,557.5 thousand manat. At the beginning of year the size of credit portfolio was 41,994.5 thousand manat.

On the results of 2007 year the general deposit portfolio of bank has increased for 96,5% or 36,668.1 thousand manat and has made 74,649.9 thousand manat on the end of year. Also it’s important to note, that the size of deposit portfolio was 37,981.8 thousand manat on the beginning of the year. In 2007 was noted more dynamical growth of physical persons deposits. So, on results of year, the deposits of physical persons have increased up to 45,322.9 thousand manat, that approximately makes 114,2%.

The net profit of the bank has also increased for the end of year. Thus in comparison with indices of 2006 year the net profit has increased on 323,6% and has made 2,510.1 thousand manat. The authorized capital of bank also has been increased on 35,3 % or 3,000.0 thousand manat and has made 11,500.0 thousand manat.

One of the most successful projects of 2007 was granting a new complex of services to the bank clients. For increase client services the bank has connected to facilities of communal payment and from the beginning of 2007 the given project has started actively working. AtaBank constantly representing new products and services on the market also adhered to the given strategy in 2007 year. So, during the current year AtaBank has been prepared and presented to the clients such products as Visa Electron Solo, Visa Classic Solo, Visa Business и Visa Platinum.

Also it’s important to note, that with a view of non-cash payments system development AtaBank has been prepared and presented to the clients new www.atacard.az site, consecrated only to plastic cards and electronic services. In 2007 the Bank one of the first in the market of republic has started the granting Solo-Card services and has held the grandiose advertising company of “Solo card” project.

In 2007 year the “E-card”service has been completely presented and “SMS banking” service has been improved .Within the 2007 year the network of client service has been extended.
In 2007 AtaBank has opened new branches: “Sabail” and “Nizami” and increased branches number up to 18. Also AtaBank has expanded the network of ATMs, and on the end of 2007 the number of ATMs has come to 44, 13 of them are operating in the regions of republic.
With the purpose of higher satisfaction of clients needs, AtaBank in 2007 has been joined to the three more international money transfer systems, such as “Xpress Money”, “Travelex” and “Contact”.

AtaBank strengthen the international bank’s relations with the international financial institutions and foreign banks, so in 2007 the bank has opened correspondent accounts in such banks as 2007 “Credit Suisse”-Switzerland, “VTB”-Russia, “Mashreqbank”- UAE.

In 2007 AtaBank has lead the huge work of receiving ISO Certification “9001-2001”. As the result in the beginning of 2007 AtaBank successfully passed ISO Certification and received ISO 9001:2000 certificate, including all bank services.

With the purpose of higher satisfaction of client needs, AtaBank has improved the deposit accounts and lead the huge advertising company to inform the population about it.