Bank Of Baku

Kafkaz Development Bank sees 23% rise in assets

Kafkaz Development Bank sees 23% rise in assets
# 23 October 2012 08:54 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of October 1, 2012, Kafkaz Development Bank’s assets stood at AZN 68.084 mln, up 23% from year earlier.

Bank says deposit portfolio rose 15% to AZN 7.520 mln, loan portfolio increased by 21% to AZN 61.128 mln.

Total capital soared 465 to AZN 14.919 mln, as well as authorized capital surged 40% to AZN 14 mln.

Total clients grew 90% to AZN 2,359, including individuals advanced 2.5 times to 741 and legal entities raised 5.4% to 582.

Remind that, Kafkaz Development Bank has been in operation since 1996. the bank operates 2 branches and 57 employees across the country.
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