Kavkaz Development Bank gets rise in troubled loans

Kavkaz Development Bank gets rise in troubled loans
# 23 January 2015 09:54 (UTC +04:00)

Baku. Yegane Lachinzade - APA-Economics. As of January 1, 2015, Kavkaz Development Bank’s assets stood at AZN 147.028 mln, up 14.98% from previous year.

Bank says the loan portfolio rose 17.39% to AZN 136.189 mln, consumption loans fell 11.11% to AZN 19.930 mln, mortgage loans raised 93.03% to AZN 1.794 mln, overdue credits increased 12 times to AZN 2.055 mln.

Deposit portfolio grew 6.22% to ANZ 8.159 mln, personal savings went up 6 times to AZN 6.039 mln, total capital climbed 8.61% to AZN 60.813 mln, authorized capital advanced 9.1% to AZN 60 mln.

Incomes surged 43.47% to AZN 14.962 mln, expenditures soared 46.78% to AZN 15.221 mln.

Loss made AZN 260,000.

The bank operates 3 branches, 1 ATM and 4 POS-terminals across the country.

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