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Kapital Bank sees a drop in assets

Kapital Bank sees a drop in assets

06 May 2009 16:49 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. Azerbaijan-based Kapital Bank has seen a decrease of AZN 5 million corporate deposits, said Rauf Rzayev, Chairman of the Bank.

According to him, personal deposits increased during the first quarter despite a drop in deposits by legal entities.

The bank said earlier that deposit portfolio fell by 63.7% during January-March.

Besides, assets declined by 41%, loan portfolio by 54% and consumer lending by 0.5%.

Kapital Bank has been in operation since 2000. The bank operates 89 branches, 298 ATMs and 469 POS terminals at present.

After privatization, Kapital Bank is owned by AtaHolding (30%), Pasha Holding (30%), Khalg Sighorta (15%), Azersun Holding (10%), individuals (10%) and the bank staff (5%).

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