Bank Of Baku

Kapital Bank’s profit declined sharply

Kapital Bank’s profit declined sharply
# 19 October 2010 07:52 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of October 1, 2010, Azerbaijan-based Kapital Bank’s assets stood at AZN 660.799 mln, up 47% compared with a year ago.

Bank says the deposit portfolio rose 15% to AZN 259.182 mln, population’s deposit increased by 9.3% to AZN 186.797 mln, loan portfolio by 90% to AZN 423.026 mln, consumer lending by 19% to AZN 76.102.

Total capital gained 5.2% to AZN 64.115 mln, authorized capital climbed 25% to AZN 30 mln.

Income made AZN 51.433 during the same period, up 12%, compared with a year ago. Expenditure ended up 27% to settle at AZN 48.258 mln. Profit decreased by 60% to AZN 3.175 mln. Staffs slid 5.1% to 2 347 and average monthly salary ended higher at AZN 558.

Kapital Bank has been in operation since 2000. The bank operates 88 branches, 375 ATMs and 417 POS-terminals across the country.
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