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Kapital Bank gets 93% rise in assets

14 October 2008 10:21 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As at October 1, Azerbaijan-based Kapital Bankâ€™s assets stood at AZN 422.448 million, up 92.7% on the same period last year.
The bank said loan portfolio increased by 2.1 times to AZN 191.721 million, deposit portfolio rose 66.7% to AZN 227.933 million, total capital doubled to AZN 74.158 million and authorized capital doubled to AZN 24 million.
Consumer loans rose by 3.3 times to AZN 99.573 million.
For January-September, revenues rose 66.9% to AZN 44 million and expenditures increased 89.3% to AZN 20 million. Profit jumped 3.7% to AZN 6.112 million.
The bank established 5 exchange offices, 55 ATMs, 126 POS terminals over the past year.
The number of employees rose 7.7% to 2 439 and salary increased 14% to AZN 319.
Kapital Bank has been in operation since 2000. The bank operates 90 branches, 267 ATMs and 443 POS terminals at present.
After privatization, Kapital Bank is owned by AtaHolding (30%), Pasha Holding (30%), Khalg Sighorta (15%), Azersun Holding (10%), individuals (10%) and the bank staff (5%).