Bank Of Baku

Kapital Bank sees 76% decline in profit year-on-year

Kapital Bank sees 76% decline in profit year-on-year
# 17 July 2010 10:53 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of July 1, Azerbaijan-based Kapital Bank’s assets stood at AZN 682.085 mln, up 91.2% compared with a year.

Bank says the deposit portfolio ended higher 61% to AZN 307.358 mln, population’s deposit rose by 4.6% to AZN 156.153 mln, loan portfolio increased by 2.3 times to AZN 404.708 mln, consumer lending surged 6.8% to AZN 71.629 mln.

Total capital soared 9.4% to AZN 73.689 mln, authorized capital climbed 25% to AZN 24 mln.

Revenue ended up 7.6% to AZN 32.243 mln, expenditure rose by 37.2% to AZN 30.374 mln. Profit slid 76% to AZN 1.869 mln.

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