Azerbaijan's Unibank increases assets 4.1% in Q1
BAKU. April 16 (Interfax) - Azerbaijan's Unibank raised assets 4.1% during Q1 2012 to 459.534 million manat, the bank told Interfax.
The loan portfolio grew 3.6% to 300.763 million manat, with growth of 2.2% to 131.794 million manat in consumer loans. Liabilities grew 4.8% to 402.605 million manat (0.786 manat/$1 on April 16).
Deposits with the bank rose 7.7% to 234.152 million manat, including 191.047 million manat in retail deposits, up 5.6%.
The bank's authorized capital rose 25.9% to 56.565 million manat, while equity fell 4.9% to 57.641 million manat.
Net profit was 1.81 million manat in Q1.
Unibank, established in October 2002, is owned by nine individuals (76.52%), the European Bank for Reconstruction and Development (EBRD) (15.15%) and Germany's DEG (8.33%) and is one of Azerbaijan's ten biggest banks.