OREANDA-NEWS. October 27, 2009. Over 9 months of the current year, the Bank of Azerbaijan (BA) has strengthened its positions at Azerbaijani financial market. Bank of Azerbaijan managed to attain high results and open wider prospective for future successful activities.

“As of 1st of October 2009, the overall volume of the bank’s assets increased by 32.89% and totaled AZN 144.5 million. At the beginning of the current year, this indicator was  on level of AZN 108.755 million.

Charter capital of BA increased up to AZN 15 million that is  2.49 % higher in comparison with the beginning of the current year. Other indicators of the financial report prove the dynamic development and reliability of BA.

As it is known, BA realizes the loan policy, oriented to attracting of reliable clients for long term cooperation. The loan portfolio of the bank in 2009 has increased by 24.71 %. During 9 months of the current year, loans delivered to customers totaled AZN 113.3 million. As of 1st January 2009, this indicator totaled  AZN 90.87 million.

Deposit portfolio increased by 41.72% over last 9 months. As of 1st January, 2009, this indicator made up AZN 42.489 million and amounted to  AZN 60.218 million on October 1, 2009.

“The work with clients takes a special place in the activities of BA. Due to providing of necessary quality in servicing customers and paying attention to their problems, the number of individuals’ fixed deposits increased by 67.07%. As of 1st October, 2009, the volume of fixed deposits in the bank made up AZN 50.4 million and the figure totaled AZN 30.168 million  on January 1, 2009,” it was informed.

Let’s note that BA pleases its customers by unique products, extend the comprehensive support to business structures and private persons. Presently, BA is among 18 national banks which have a right to grant mortgage loan.