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KredoBank sees 8% decline in profit year-on-year

17 October 2011 09:33 (UTC +04:00)

Baku. Elnur Huseynguluyev - APA-Economics. As of October 1, 2011, Azerbaijan-based KredoBankâ€™s assets made AZN 88.538 mln, up 2.8% from a year earlier.

Deposit portfolio dropped 18.8% to AZN 12.620 mln, as well as population deposits increased by 2.8% to AZN 11.171 mln, loan portfolio rose 10.3% to AZN 69.716 mln, consumption loans soared 60.6% to AZN 13.834 mln, loans up to 12 months made AZN 40.872 mln, overdue credits made AZN 10.423 mln.

Total capital rose 41% to AZN 22.530 mln, authorized capital increased by 57.5% to AZN 20.540 mln.

Remind that, KredoBank was established in 1994. It operates 15 branches, 5 ATMs and 92 POS-terminals across the country.