OREANDA-NEWS. May 06, 2010. Assets of “MuganBank” OJSC, Azerbaijan amounted to 154,606 mln. manat which is 42, 1% more than that of April 1, 2009, reported the press-centre of MuganBank.

As stated by the bank head office during the reporting period the deposit portfolio of the bank has reached 55,608 mln. manat by growing 34, 3% including deposits of population which has reached 44,987 mln. manat by growing 55, 3%. At the same time the loan portfolio of the bank amounted to 108,060 mln. manat with growth of 82,7%, including consumer loans which amounted to 16,099 mln. manat by increasing  41, 4%.

Moreover, the total capital of the bank amounted to 22,203 mln. manat by increasing 8,7%, including the chartered capital which amounted to 19 mln. manat by increasing 5,6%.

It should be noted that during the recent year, income of the bank has amounted to 5,312 mln. manat by increasing 71% and the expenses amounted to 4,584 mln. manat by increasing 22,3%. As a result, the profit of the bank amounted to 0,729 mln. manat. 

During that period, the bank has opened another 4 branches and installed 3 ATMs and 6 POS terminals. As of April 1st of the current year, the number of the customers of the bank was 35 291 by increasing 54% among whom the number of natural persons was 29 874 and the legal entities 5 417. Furthermore, during that period the number of employees has reached 429 by increasing 21, 5%.

It should be recalled that “MuganBank” OJSC owners of which are four individuals has been operating since 1992. The bank has got 28 branches, 30 ATMs and 69 POS terminals in the republic.