Baku. Vahab Rzayev – APA-Economics. As of October 1, 2013, Azerbaijan-based Kafkaz Development Bank’s assets stood at AZN 124.606 mln, up 83.0% from previous year.
Bank says the loan portfolio rose 82.2% to AZN 111.281 mln, as well as consumer lending made AZN 24.359 mln, up 2.3 times from 2012. At the same time, volume of overdue credits soared 2.5 times to AZN 0.284 mln and its share in total loan portfolio increased by 0.1 percentage point to 0.3%.
Deposit portfolio dropped 10.7% to AZN 6.684 mln, as well as personal savings were equal to AZN 5.855 mln, up 11.2 times from previous year.
Total capital grew 3.1 times to AZN 46.129 mln, including authorized capital tripled to AZN 42.200 mln.
Total clients increased by 2.4 times to 5,565, including individuals rose 3.1 times to 5,503, juridical persons – 3.4% to 602.
The bank operates 3 branches, 1 ATM and 4 POS-terminals across the country.