Finance

Home page

Finance

Kredo Bank increases assets by 11% year-on-year

31 October 2012 12:37 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As of October 1, 2012, assets of Kredo Bank made AZN 98.148 mln, up 11% compared to last year.

During the reporting period, loan portfolio rose 9.3% to AZN 82.016 mln, deposit portfolio grew by 32% to AZN 16.602 mln, total capital increased by 2.1% to AZN 22.999 mln, as well as authorized capital remained stable at AZN 20.540 mln.

Note that, the number of total customers rose 6.8% to 30,579, as well as number of individuals increased by 7.4% to 27,591, legal entities soared 2.2% to 2,988. The number of active plastic cards decreased by 36% to 328, debit cards slipped 35% to 292, credit cards â€“ 45% to 36.

Kredo Bank was founded in 1994. It operates 15 branches, 6 ATMs and 69 POS-terminals across the country.