Baku. Elnur Huseynguluyev – APA-Economics. As of January 1, Azerbaijan-based KredoBank’s assets stood at AZN 64.992 million, up 75.3% from a year ago.
The bank said loan portfolio rose 74.8% to AZN 44.238 million, deposit portfolio increased by 50.3% to AZN 13.635 million, total capital went up 2.3% to AZN 13.092 million and authorized capital stood at AZN 13.040 million.
Consumer lending dropped by 68.7% to AZN 1.818 million.
Revenue decreased by 16.7% over the past year to AZN 5.645 million and expenditure fell by 16.2% to AZN 5.556 million.
Profit plunged by 3-fold to AZN 0.066 million.
Owned by 11 individuals, KredoBank has been in operation since 1994. The bank operates 14 branches, 5 ATMs and 55 POS-terminals.
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