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Kredobank gets 18% rise in Q1 assets

15 May 2013 13:25 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of April 1, 2013, Azerbaijan-based Kredobank’s assets stood at AZN 108.549 mln, up 18.3% from a year earlier.

Bank says the loan portfolio rose 14.5% to AZN 90.038 mln, including consumer lending increased by 23.3% to AZN 17.959 mln. At the same time, overdue credits grew 1.9 times to AZN 21.910 mln and its share in total loan portfolio soared 9.9 percentage points to 24.3%.

Bank’s deposit portfolio went up 0.6% to AZN 15.843 mln, as well as personal savings were equal to AZN 14.293 mln, 4.8% up in annual comparison.

Total capital grew 65.7% to AZN 37.690 mln, as well as authorized capital raised 70.6% to AZn 35.041 mln.

Number of clients rose 7.9% to 31,517, as well as individuals surged 8.4% to 28,484, legal entities – 3.9% to 3,033. Plastic cards made 400, up 2.3 times from a year earlier. Debit cards increased by 2.5 times to 360, credit cards – by 33.3% to 40.

The bank operates 16 branches, 5 ATMs, 63 POS-terminals across the country.