Bank Of Baku

DekaBank sees 26% decline in profit year-on-year

DekaBank sees 26% decline in profit year-on-year
# 26 April 2010 08:09 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of April 1, 2010, Azerbaijan-based DekaBank’s assets stood at AZN 33.133 mln, up 5.46% compared with a year ago.

Bank says that, deposit portfolio rose by 3.2% to AZN 8.323 mln, loan portfolio 6.2% increased to AZN 25.740 mln, consumer lending grew by 8.7% to AZN 9.888 mln. Total capital soared 13.5% to AZN 13.772 mln, authorized capital climbed 29.7% to AZN 12.439mln.

Total revenue 16.4% decreased to AZN 1.657 mln, expenditure rose by 4.3% to AZN677 000. Profit down by 26% to AZN 981 000.

DekaBAnk has been in operations since 1992. Bank operates 6 branches, 1 ATM and 16 POS-terminals.
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