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YapÄ±Kredi Bank Azerbaijan sees 50% upturn in Q1 loan portfolio

YapÄ±Kredi Bank Azerbaijan sees 50% upturn in Q1 loan portfolio

18 May 2012 07:32 (UTC +04:00)

Baku. Elnur Huseynguluyev - APA-Economics. As of April 1, 2012, loan portfolio of YapiKredi Bank Azerbaijan made AZN 118.669 mln, up 48% from a year earlier.

During the reporting period, short-term loans rose 3.6 times to AZN 68,462 mln, long-term loans dropped 14% to AZN 50.992, consumer loans grew by 3.8% to AZN 24.297 mln, overdue credits increased by 15% to 1.650 mln.

During the same period, deposit portfolio made AZN 97.58 mln, as well as term deposits soared 5.2 times to AZN 25.218 mln, demand deposits rose 61% to AZN 71.840 mln, population deposits rose 70% to AZN 22.108 mln.

YapiKredi Bank Azerbaijan has been in operation since 2000. It has 10 branches, 21 ATMs and 151 POS-terminals across the country.

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