Bank Of Baku

CredAgro gets growth in profit

CredAgro gets growth in profit
# 08 October 2012 08:20 (UTC +04:00)
Baku. Elnur Huseynguluyev - APA-Economics. As of September 1, 2012, Azerbaijan-based CredAgro non-banking organization’s assets stood at AZN 30.721 mln, down 1.1% from year earlier.

Company says the loan portfolio dropped 4.6% to AZN20.028 mln, authorized capital remained unchanged at AZN 452,300.

Total incomes slipped 8.2% to AZN 6.247 mln, expenditures – slid 32% to AZN 4.570 mln. Consequently, the profit rose 18 times to AZN 1.676 mln.

Along with this, number of total clients reached 20,383, staffs – 217 and the branches – 14.

Note: CredAgro has been in operation since 2000.
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