Kafkaz Development Bank’s assets rise by 12%
05 May 2010 11:23 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of April 1, 2010, Azerbaijan-based Kafkaz Development Bank’s assets stood at AZN 35.941 mln, up by 12.3% compared with a year ago.
Bank says, deposit portfolio rose by 2.1 times to AZN 3.457 mln, population’s deposit down by 15.6% to AZN 427 000, loan portfolio 16% increased to AZN 31.880 mln, consumer lending 22.7% fell to AZN 1.564 mln. Total capital 6.2% decreased to AZN 9.304 mln, authorized capital remained unchanged at AZN 10 mln.
Revenue 31% declined to AZN 186 000, expenditure dropped 36% to AZN 503 000. Bank’s loss decreased to AZN 317 000.
Owned by the enterprises, banks, organization and individual persons of Azerbaijan, USA, Germany, Georgia and Russia Kafkaz Development Bank has been in operation since 1996. The bank operates 2 branches across the country.
Bank says, deposit portfolio rose by 2.1 times to AZN 3.457 mln, population’s deposit down by 15.6% to AZN 427 000, loan portfolio 16% increased to AZN 31.880 mln, consumer lending 22.7% fell to AZN 1.564 mln. Total capital 6.2% decreased to AZN 9.304 mln, authorized capital remained unchanged at AZN 10 mln.
Revenue 31% declined to AZN 186 000, expenditure dropped 36% to AZN 503 000. Bank’s loss decreased to AZN 317 000.
Owned by the enterprises, banks, organization and individual persons of Azerbaijan, USA, Germany, Georgia and Russia Kafkaz Development Bank has been in operation since 1996. The bank operates 2 branches across the country.
Finance
Annual inflation in Azerbaijan reaches 3.5% in 9 months
12:35
11 October 2024
Joint investment projects needed among regional countries - Uzbek Minister
13:28
10 October 2024
New venture fund with capital of USD 4 million established in Azerbaijan
12:24
10 October 2024
Global economy may lose $14.5T in 5 years due to hypothetical geopolitical conflict threat, warns Lloyd's
02:43
10 October 2024