Baku. Elnur Huseynguluyev – APA-Economics. As of April 1, 2011, Azerbaijan’s Kafkaz Development Bank’s assets stood at AZN 44.218 mln, up 23% from a year ago.
Bank says that deposit portfolio rose 2.2 times to AZN 7.286 mln, loan portfolio increased by 22% to AZN 38.797 mln.
Total capital rose 4.6% to AZN 9.733 mln, authorized capital remained unchanged at AZN 10 mln.
Number of clients soared 24.6% to 5,094, as well as individuals rose 27.6% to 4,549, legal entities – 4.01% to 545.
Remind that, Kafkaz Development Bank has been in operation since 1996. The bank operates 2 branches across the country.
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