Bank Of Baku

DekaBank faces loss in first quarter

DekaBank faces loss in first quarter
# 12 May 2014 10:31 (UTC +04:00)

Baku. Parviz Nuriyev – APA-Economics. DekaBank’s assets in the first quarter of 2014 made AZN 60.375 mln, up 1% from previous year.

 

Bank says the loan portfolio rose 9.3% to AZN 53.479 mln, consumer lending fell 9.9% to AZN 13.089 mln, overdue credits surged 14% to AZN 3.701 mln.

 

Deposit portfolio dropped 31.2% to AZN 6.172 mln, personal savings were equal to AZN 5.893 mln, down 22% in annual comparison.

 

Total capital slipped 8% to AZN 23.501 mln, authorized capital remained unchanged at AZN 23,985,000.

 

Revenues grew 48.7% to AZN 2.771 mln, expenditures increased by 4.2 times to AZN 4.091 mln.

 

Bank’s loss made AZN 320,080.

 

For the present, the bank operates 7 branches, 3 ATMs and 8 POS-terminals across the country.

 

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