OREANDA-NEWS. March 5, 2009. Net assets of the bank increased 38,1% or 42, 138.2 thousand manat and made up 152,843.6 thousand manat at the end of the year 2008. The net assets made up 110,705.4 thousand manat at the beginning of the year. The loan portfolio which formed the main part of the assets was increased considerably.

 Finally, loan portfolio increased 40% or 27,308.9 thousand manat  and  exceeded 98,662.1 thousand manat. The amount was equalled to 71,353.2 thousand manat at the beginning of the year.

According to the results of the 2008  term deposit portfolio of the bank increased 12% or 8,796.8 thousand manat and made 83, 446.7 thousand manat. It is worthy of note that, this indicator made up 74,649.9 thousand manat at the beginning of the year. Big dynamics of term deposits of individuals was observed in 2008.

  In comparison with the beginning of the year, deposits of individuals were increased 25% and exceeded 56,582.1 thousand manat.

 Net profit of the bank also increased considerably during the year. So, in comparison with 2007, the profit was increased 112.4%  and run up to 5, 332.1 thousand manta at the end of the financial  year. At the end of the year 2007 the authorized capital was increased 30.4%  or 3,500.0 thousand manat and run up to 15,000.0 thousand manat.  One of the most successful projects of the bank realized in 2008, was introducing new complex of service to customers. So, a lot of important steps were done in the direction of increasing the customer satisfaction and bank  began introducing “Mobile Banking”  service.  POS terminal divisions of the bank were increased 75%  in 2008 and  reached  to 285. In addition,  for developing “retail” program  the branch net of the bank was increased too.

 Finally “Nasimi”, “Nizami” and “Khazar”  branches began their activity and  so the number of service net of the bank  reached  18.

10 of these service divisions are situated in the regions. Opening of the three new and  also one   branch in the region  were planned in the current year.