Finance

Finance

Kredo Bank gets 9% growth in assets

15 February 2012 13:14 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As of January 1, 2012, Azerbaijan-based Kredo Bankâ€™s assets stood at AZN 90.418 mln, up 9.3% from year earlier. s

Bank says loan portfolio rose 21% to AZN 78.804 mln, as well short-term loans soared 2.3% to AZN 23.036 mln, long term loans surged 4.8% to AZN 44.799 mln, consumer lending climbed 75% to AZN 14.497 mln.

Deposit portfolio extended 23.4% to AZN 13.771 mln, including term deposits increased by 12.2% to AZN 9.837 mln, demand deposits â€“ by 66% to AZN 3.935 mln, populationâ€™s deposits - by 50% to AZN 13.772 mln.

Number of clients rose 9% to 28,361, as well individuals increased by 9.1% to 25.451, legal entities â€“ by 8.2% to 2,910. Number of active plastic cards dropped 12.2% to 388, as well debit cards â€“ 18% to 320, credit cards soared 31% to 68.

Remind that, Kredo Bank has been in operation since 1994. The bank operates 12 branches, 5 ATMs and 90 POS-terminals across the country.