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Kavkaz Development Bank gets 72% rise in 2012

30 January 2013 08:05 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of January 1, 2013, assets of Kavkaz Development Bank made AZN 104.202 mln, up 71.6% from 2012.

During the reporting period, bank’s loan portfolio rose 79.7% to AZN 95.631 mln. Consumer loans made AZN 20.983 mln, up 4.2 times compared to 2012. at the same time, overdue credits decreased by 5.7 times to AZN 162,000. Share of overdue credits in total loan portfolio dropped by 10 times to 0.17%.

Deposit portfolio grew by 2.8% to AZN 11.230 mln. Population deposits were equal to AZN 4.741 mln, which is 51.2% more in annual comparison.

Total capital of the bank increased by 2.5 times to AZN 30.855 mln, as well as authorized capital rose 2.5 times to AZN 30.2 mln.

Number of customers increased by 2.3 times to 2,985, number of individuals rose 3.2 times to 2,403, legal entities soared 4.6% to 582.

Kavkaz Development Bank was founded in April of 1996.