Baku. Elnur Huseynguluyev – APA-Economics. As of October 1, 2010, Azerbaijan-based Kafkaz Development Bank’s assets stood at AZN 34.836 mln, down 1.3% compared with a year ago.
Bank says the deposit portfolio decreased by 44% to AZN 2.268 mln, population’s deposit rose 31% to AZN 715 000, loan portfolio soared 1.7% to AZN 30.457 mln, consumer lending slid 0.9% to AZN 1.443 mln.
Total capital fell 4.8% to AZN 9.085 mln, authorized capital remained unchanged at AZN 10 mln.
Income made AZN 1.067 mln, during the same period, down 7% from year earlier, expenditure slipped 30% to AZN 1.457 mln. Loss dropped 58% to AZN 389 000.
Kafkaz Development Bank has been in operation since 1996. The bank operates 2 branches across the country.
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