Baku. Elnur Huseynguluyev – APA-Economics. As fo April 1, 2010, Azerbaijan-based Kredo Bank’s assets stood at AZN 56.322 mln, 19% up compared with a year ago.
According to bank, deposit portfolio down by 15.2% to AZN 11.715 mln, population’s deposits rose by 11% to AZN 11.019 mln, loan portfolio 59% increased to AZN 43.319 mln, consumption loans grew 50% to AZN 9.175 mln. Total capital 2.8% increased to AZN 14.396 mln, authorized capital remained unchanged at AZN 13.040 mln.
Total revenue rose by 2.2 times to AZN 2.678 mln, expenditure grew by 2.2 times to AZN2.338 mln. The bank profit doubled to AZN 0.340 mln.
The staffs rose by 35% to 166, average monthly salary down thrice to AZN104.
Kredo Bank has been in operation since 1994. The bank operates 14 branches, 5 ATMs and 55 POS-terminals across the country.
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