Baku. Elnur Huseynguluyev – APA-Economics. As of January 1, 2012, Azerbaijan-based Kafkaz Development Bank’s loan portfolio stood at AZN 53.160 mln, up 85% from year earlier.
Bank says the short-term loans (with the term of up to 12 months) rose 80% to AZN 8.227 mln, long-term loans increased by 85% to AZN 44.933 mln, consumer lending increased by 2.8 times to AZN 5.010 mln. Loans given through AMF – by 18% to AZN 215,345,000, through own mortgage program – by 20% to AZN 527,072,000, overdue credits dropped 38% to AZN 929,000.
Deposit portfolio grew up 93% to AZN 45.835 mln, as well term deposits slipped 43% to AZN 9.288 mln, demand deposits rose by 5.2 times to AZN 32.612 mln, population’s deposits rose by 3.2 times to AZN 3.395 mln.
Remind that, Kafkaz Development Bank has been in operation since 1996. Teh bank operates 2 branches and 57 staffs across the country.
Kafkaz Development Bank sees 85% growth in long-term lending
10 February 2012 09:37 (UTC +04:00)
İDMAN XƏBƏR
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