USD 1.7

Baku 25 °C

AZ RU EN FA FR

Dark mode

POLITICS

NEWS

World

Economics

Sport

Culture news

Analysis

Blogs

Company

TOP 10

© 2004 - 2026 All copyright are reserved.

Finance

Home page

Kafkaz Development Bank posts a decline in deposit portfolio

Kafkaz Development Bank posts a decline in deposit portfolio

28 July 2009 15:00 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As of July 1, Kafkaz Development bank posted its assets at AZN 32.397 million, down 9.1% from a year ago.

Deposit portfolio declined by 34.7% to AZN 1 801 million, loan book dropped by 1.8% to AZN 27.986 million while consumer lending more than doubled to AZN 1.671 million.

Also, total equity capital fell by 10.1% to AZN 9.923 million and authorized capital stock remained steady at AZN 10 million.
As against a year ago, revenue plunged by 3.6 times to AZN 760 000 and expenditures fell by 43.8% to AZN 1.277 million. The bank had a loss of AZN 516 000.

Finance

Azerbaijan

Azerbaijan's insurance market grows by nearly 2% this year

Vusal Gurbanov, Director General of the Central Bank of Azerbaijan

Central Bank of Azerbaijan preparing amendments to compulsory insurance regulations

Chairperson of the Supervisory Board of the Azerbaijan Insurers Association Ulviyya Jabbarova

Azerbaijan's insurance market doubles over past four years

Aliyar Mammadyarov, First Deputy Chairman of the Central Bank of the Republic of Azerbaijan

Central Bank of Azerbaijan preparing new development strategy for insurance sector

ATTENTION!

Dear user for receiving paid news sign up

Sign up

ATTENTION!

Dear user for receiving paid videos sign up

Sign up

ATTENTION!

Dear user for receiving paid photos sign up

Sign up

THE OPERATION IS BEING PERFORMED