Baku. Yegane Lachinzade - APA-Economics. As of January 1, 2015, Caspian Development Bank’s assets stood at AZN 50,893,970, up 3.37 times from previous year.
Bank says the authorized capital made AZN 50,020,000, up 4.16 times in comparison to a year earlier. 99.2% or AZN 49,981,000 of authorized capital belonged to individuals, 0.08% or AZN 39,000 to legal entities.
The bank ended 2014 with the loss of AZN 87,267,170.
On January 26, Central Bank of Azerbaijan granted licence to Caspian Development Bank for banking operation in association with renaming of Kovser Bank OJSC.