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Kredobank sees 33% rise in assets

19 July 2010 13:10 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As of July 1, 2010, Azerbaijan-based Kredobankâ€™s assets stood at AZN 67.496 mln, up 33.4% compared with a year ago.

Bank says the deposit portfolio rose by 8.4% to AZN 11.713 mln, populationâ€™s deposit by 25% to AZN 9.500 mln. Loan portfolio increased by 49% to AZN 49.937 mln, consumer lending 28% extended to AZN 9.321 mln/ Total capital surged 2.8% to AZN 14.356 mln, authorized capital remained unchanged at AZN 13.040 mln.

Income rose by 2.1 times to AZN 5.091 mln, expenditure doubles to AZN 4.770 mln. Profit approximately raised by 2.9 times to AZN 0.321 mln.

The staffs rose by climbed 2.5% to 161, average monthly salary ended higher 13% to AZN 305.

Owned by 11 local individual Kredobank has been in operation since 1994. The bank operates 14 branches, 5 ATMs and 55 POS-terminals across the country.