OREANDA-NEWS. February 15, 2008. Total assets of “AtaBank” OJSC increased 76.6% or 48,0 million manats and ran up to 110,7 million manats by the end of 2007. Total assets were only 62,7 million manats at the beginning of the year. The loan portfolio that is a part of assets increased greatly during the year as well. As a result the credit portfolio increased 68.0% or 28,6 million manats and exceeded 70,6 million manats. This figure was equal to 42,0 million manats at the beginning of the year.

The deposit portfolio of the bank increased 96.5% or 36,7 million manats and ran up to 74,6 million manats, according to the results of 2007. We would like to point out that deposit portfolio was 37,9 manats at the beginning of 2007. During 2007 were observed dynamics of increase of term deposits of individuals. So if the volume deposit amount from individuals was 21,2 million manats at the beginning of the year, this number increased 114.2% and exceeded 45,3  million manats by the end of the year. The total assets of the Bank considerably increased during the year.  So the real profit of 2006 year increased 4,2 times and ran up to 2,5 million manats. Authorized capital stock of the Bank increased 35.3% or 3,0 million manats and ran up to 11,5 million manats by the end of 2007. Total stockholder’s equity is 14, 4 million manats.  

 One of the best successful projects that the Bank carried out in 2007 is providing customers with new complex of services. So, a number of important steps has been done to increase of customer’s comfort and as a result by the end of 2006 the contract on receiving of municipal payments between “Azerpocht” SO and “AtaBank” OJSC was signed and the project begun its activity from 2007. “AtaBank” OJSC that constantly provides the market with new products remained devoted to this strategy in 2007 as well and completely prepared “Visa Electron Solo”, Visa Classic Solo, “Visa Business”, “Visa Platinum” cards, and presented them to the customers. In order to advertise Solo cards, the Bank arranged a large advertising campaign during 2007. In order to satisfy increasing demands of plastic cards market, a special internet site www.atacard.az on plastic cards and electronic payments was additionally designed by bank’s specialists and to users. “AtaBank” OJSC presented new “E-card” service and improved its “SMS Banking” system during last months of 2007.

 In order to develop “retail” program, the branch network of the Bank was enlarged as an addition. So the “Sabail” branch of the Bank was opened and perfectly began its activity. New “Nizami” Branch was registered and began its activity since January, 2008. The cash machine network of the Bank was enlarged and increased from 24 to 44. The Bank joined the “Travelex” and “Contact” high-speed money transfer systems in 2007.    Foreign relations were developed and the correspondent account in “Credit Suisse” Bank of Switzerland was opened. “AtaBank” opened the correspondent accounts in “VnesTorqBank“ of Russia and “Mashreq” Banks of U.A.E. during the last months. In order to provide conformity  of qualified management system with the modern standards “AtaBank” OJSC was awarded of “ЭSO 9001:2000” certificate that cover all kind of bank services by the “Bureau Veritas” company after successful completion of certification process. In order to provide the customer needs in the high level “AtaBank” OJSC improved its deposit products. A large advertising campaign was held in order to present the deposits to the population as well.