Bank Of Baku

Azerbaijan Credit Bank expects rise in financial indexations

Azerbaijan Credit Bank expects rise in financial indexations
# 26 August 2010 14:59 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan Credit Bank is expected to increase loan portfolio by 10% to AZN 30 mln, deputy chairman of bank Rajab Hiseynov told APA.

According to him banks’ credits for business sphere will rise by 11% to AZN 21 mln, consumer lending by 20% to AZN 10 mln.

Deposit portfolio is expected to be increased by 27% to AZN 8 mln, total capital by 265 to AZN 10 mln.

Loss is forecasted to be low by 2.5 times at AZN 2 mln.

Azerbaijan Credit Bank has been in operation since 2005.
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