OREANDA-NEWS. February 01, 2010. AtaBank has summarized the results of its activities for 2009.

The Bank informs that its net assets increased 30.4% or AZN 46.5 million up to AZN 199.3 million by the end of 2009.

AtaBank’s loan portfolio which formed the main part of the assets increased by 29% or AZN 28.7 million and exceeded AZN 127.4 million.

Following 2009 Bank’s term deposit portfolio increased by 64.5% or AZN 53.8 million up to AZN 137.2 million.

Big dynamics of term deposits of individuals was observed in 2009. Compared to early 2009, deposits of individuals were increased 39.1% and exceeded AZN 78.7 million.

By the end of 2009 Bank’s return on assets (ROA) and return on equity ratio (ROE) totaled 2.3% and 26.8% respectively.

“Last year AtaBank’s overall capital increased by 29% or AZN 5.7 million up to AZN 25.1 million. Last year’s net profit totaled AZN 4 million,” the Bank says.

Since last November the Bank launched a new banking service - SMS-infocard, with help of which any customer get to his mobile phone an SMS with data about operation on settlement account.

Simultaneously, for the purpose of retail program expansion AtaBank made a decision to expand its branch network. In the first months of 2010 the Bank expects to open two new urban branches after it gets relevant licenses for them. And thus quantity of served branches will be 20 in nine regions of the country.

Last year number of AtaBank’s cash machines increased from 46 up to 50. This year it expects to install 10 more cash machines.

In 2009 AtaBank’s network of POS-terminals grew up to 289.

This year the Bank plans growth of its financial performance and successful institutional development.

Currently the Bank is undergoing audit by BAKER TILLY Azerbaijan for 2009.