TODAY.AZ / Business

Mughan Bank's assets grew 87%

08 February 2007 [10:30] - TODAY.AZ
As of January 1, Mughan Bank's assets made AZN 39,831,000, up 87% from the previous year, and net profit doubled to AZN 1,020,000.

Bank's Head Office told APA that its deposit portfolio rose 65%, year-on-year, to AZN 16,322,000, loan portfolio grew 71% to AZN 23,934,000.

At January 1, bank's aggregate capital went up 69% to AZN 10,613,000 including the authorized capital reaching 7,800,000.

Mughan Bank was established in 1992.

URL: http://www.today.az/news/business/36104.html

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