Bank Of Baku

Kapital Bank 44% increase its assets in January-March

Kapital Bank 44% increase its assets in January-March
# 22 April 2010 13:04 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As fo April 1, 2010, Azerbaijan-based Kapital Bank’s assets stood at AZN 492.318 mln. up 44.2% compared with a year ago.

Bank says that, deposit portfolio rose by 79% to AZN 325.897 mln, population’s deposits grew by 21.5% to AZN 150.579 mln, loan portfolio 60% increased to AZN 268.274 mln, consumption loans soared 15.1% to AZN 71.641 mln. The total capital 1.9% increased to AZN 67.192 mln, authorized capital remained unchanged at AZN24 mln.

Revenue 4.8% declined to AZN 15.098 mln, expenditure 32.1% increased to AZN 11.926 mln. Profit decreased by 2.2 times to AZN 3.172 mln.

Staffs dropped 2.9% to 2 218, average monthly salary rose by 19.6% to AZN 580.

Kapital Bank has been in operation since 2000. The bank operates 89 branches, 326ATMs and 411 POS-terminals across the country.
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