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Deka Bank achieves a 44% rise in net profit

Deka Bank achieves a 44% rise in net profit

19 January 2009 12:19 (UTC +04:00)

Baku. Elnur Huseynguluyev - APA-Economics. As of January 1, Azerbaijan-based Deka Bankâ€™s assets stood at AZN 27.359 million, up 3.9% on the previous year.
The bank told APA-Economics that loan portfolio increased 10.8% to AZN 21.230 million, deposit portfolio increased 7.9% to AZN 5.214 million, total capital went up 3.8% to AZN 10.729 million and authorized capital stood at AZN 9.594 million.
Consumer loans grew 57.6% to AZN 9.055 million.
For 2008, revenue rose 19.3% to AZN 3.757 million and expenditures increased 32.7% to AZN 3.440 million.
Profit dropped 43.2% to AZN 317 000 and net profit rose 43.6% to AZN 247 000.
The number of bankâ€™s employees increased to 77.
Established in 1992, Deka Bank operates 6 branches, 1 ATM and 13 POS terminals across the country.

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