Baku. Yegane Lachinzade - APA-Economics. In the first quarter of 2015, Kavkaz Development Bank’s assets stood at AZN 150,414,910, up 15.83% from previous year.
Bank says the loan portfolio rose 16.47% to AZN 138,040,500, consumption loans fell 8.5% to AZN 19.393 mln, mortgage lending raised 28.5% to AZN 1.880 mln, overdue credits went up 2.73 times to AZN 1,910,700.
Deposit portfolio surged 4.11% to AZN 8,300,400, personal savings grew 14.24% to AZN 6,552,300.
Total capital advanced 6.76% to AZN 63,102,700, authorized capital increased 9.09% to AZN 60 mln.
Incomes fell 30.33% to AZN 3.631 mln, expenditures shed 35.42% to AZN 1.382 mln.
Profit amounted to AZN 2,249,000.
The bank operates 3 branches, 1 ATM and 3 POS-terminals across the country.
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