Bank Of Baku

Deka Bank achieves 93% rise in deposit portfolio

Deka Bank achieves 93% rise in deposit portfolio
# 18 August 2008 08:40 (UTC +04:00)
Baku. Elnur Huseynguluyev - APA-Economics. As of July 1, Azerbaijan-based Deka Bank’s assets stood at AZN 27.190 million, up 9.1% from a year earlier.
The bank told APA-Economics that loan portfolio decreased 4.7% to AZN 18.012 million, deposit portfolio increased 93.2% to AZN 5.538 million, total capital went up 18% to AZN 12.772 million and authorized capital stood at AZN 9.594 million.
For the first half, revenue fell 25.1% to AZN 321 000 and expenditures rose 2.2 times to AZN 249 000, leaving a profit of AZN 72 000 for the bank, down 3.9 times from the same period last year.
Deka bank established 6 POS terminals over the past year. The number of bank’s employees increased 10.3% to 75.
Established in 1992, Deka Bank operates 6 branches, 1 ATM and 13 POS terminals across the country.
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