Deka Bank’s profit drops 1.6 times

Deka Bank’s profit drops 1.6 times
# 15 January 2013 11:07 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of December 1, 2012 Azerbaijan-based Deka Bank’s assets stood at AZN 62.825 mln, up 31% from 2011.

Bank says the loan portfolio rose 23.9% to AZN 51.232 mln, as well as consumption loans dropped 12.2% to AZN 17.711 mln. At the same time, bank’s deposit portfolio soared 2.5 times to AZN 18.432 mln, including personal savings surged 2.8 times to AZN 15.803 mln.

Total capital slipped 8.5% to AZN 16.708 mln, as well as authorized capital remained unchanged at AZN 13.417 mln.

Note that total revenues slid 14.8% to AZN 6.304 mln, expenditures – rose 20.3% to AZN 3.325 mln. Consequently, bank gained AZN 2.679 mln in January-November, down 1.6 times from previous year.

Remind that Deka Bank has been in operation since 1992. The bank operates 7 branches, 2 ATMs, 17 POS-terminals and 99 employees.

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