Bank Of Baku

Deka Bank gets 36% growth in assets

Deka Bank gets 36% growth in assets
# 28 January 2011 08:23 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of January 1, 2011, Azerbaijan-based Deka Bank’s assets stood at AZN 44.042 mln, up 36% compared to a year ago.

Bank says deposit portfolio doubled to AZN 17.166 mln, including population’s deposit made ANZ 11.322 mln. Loan portfolio rose 50.4% to AZN 38.642 mln, including consumer lending approximately doubled to AZN 11.345 mln.

Total capital soared 10.3% to AZN 14.092 mln, including authorized capital grew 30% to AZN 12.439 mln.

Note that, revenue dropped 5.7% to AZN 5.174 mln, expenditure surged 53.6% to AZN 4.060 mln. Profit slipped 61% to AZN 1.114 mln, net profit made AZN 1.089 mln.

Remind that, Deka Bank has been in existence since 1992. The bank operates 7 branches, 1 ATM and 16 POS-terminals across the country.
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