Bank Of Baku

YapiKredi Bank Azerbaijan 96% increases assets in first quarter

YapiKredi Bank Azerbaijan 96% increases assets in first quarter
# 20 April 2010 11:24 (UTC +04:00)
Bakı. Elnur Hüseynquluyev – APA-Economics. As of April 1, YapiKredi Bank Azerbaijan’s assets stood at AZN 219,517 million, up 95.8% on a year earlier.

The bank said loan portfolio rose 2.7 times to AZN 49.542 million, deposit portfolio increased 36.3% to AZN 54.110 million, population’s deposits 7.5% decreased to AZN 11.154 mln, total capital rose by 14.2% to AZN 45.685 million and authorized share capital remained unchanged at AZN 27.209 million.
Consumer lending down by 3% to AZN 3.545 million.

Total revenues down by 46% to AZN 4.995 million and expenditures decreased 7.1% to AZN 2.270 million.
Profit rose by 2.1 times to AZN 2.724 million.

The bank established 1 branch, 4 ATMs and 8 POS terminals over the past year. The number of the bank’s staff rose 18.7% to 127 and salary increased 6.3% to AZN 2073.


YapiKredi Bank Azerbaijan, owned by Turkey’s YapiKredi Bank (80%) and International Finance Corporation (IFC) (20%), has been in operation since 2000.
The bank operates 5 branches, 17 ATMs and 70 POS terminals.
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