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Kapital Bank sees 48% drop in loan portfolio

Kapital Bank sees 48% drop in loan portfolio

01 March 2010 13:08 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-ECONOMICS. As of January 1, Azerbaijan-based Kapital Bank has posted its assets at AZN 552.20 million, down 4.40% from a year ago.

Deposit portfolio decreased by 47.96% to AZN 250.80 million, loan portfolio down by 9.47% to AZN 331.20 million while consumer lending rose by 14.24% to 71.50 million.
Total equity capital decreased by 9.89% to AZN 64.80 million and authorized capital stock stood at AZN 24 million, said the bank.

Revenue increased by 18.63% to AZN 68.70 million and expenditure rose by 18.52% to AZN 63.90 million. Profit went up 17.68% to AZN 4.80 million.
Profit went up by 31% to AZN 8.013 million.

The bank operates 89 branches at present.

After privatization, Kapital Bank is owned by Pasha Holding (97.5%) and the bank staff (2.5%).

Kapital Bank has been in operation since 2000.

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