Bank Of Baku

Deka Bank increases consumer lending by 70%

Deka Bank increases consumer lending by 70%
# 20 June 2011 07:34 (UTC +04:00)
Baku. Elnur Huseynguluyev - APA-Economics. As of June 1, 2011, Azerbaijan’s Deka Bank’s assets stood at AZN 42.408 mln, down 3.7% from a year ago.

Bank says deposit portfolio decreased by 49% to AZN 8.793 mln, populations’ deposits decreased by 30% to AZN 7.942. Moreover, loan portfolio rose 0.8% to AZN 38.935 mln, consumption loans increased by 67% to AZN 18.892 mln.

Total capital of the bank rose 15% to AZN 16.181 mln, authorized capital – 7.9% to AZN 13.417 mln.

Note that, bank’s total income in January-May made AZN 3.8 mln, expenses – AZN 1.441 mln. Consequently, Q5 profit made AZN 2.359 mln.

Remind that, Deka Bank has been in operation since 1992. The bank operates 7 branches, 1 ATM and 17 POS-terminals and 91 employees across the country.
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