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Kredobank gets 15% rise in assets

27 January 2015 13:00 (UTC +04:00)

Baku. Yegane Lachinzade - APA-Economics. As of January 1, 2015, Kredobank’s assets stood at AZN 165.342 mln, up 13.17% from previous year.

Bank says the loan portfolio dropped 9.15% to AZN 101.422 mln, consumption loans fell 21% to AZN 17.530 mln, mortgage loans slipped 33.82% to AZN 22.117 mln (AZN 4.307 mln given through AMF), overdue credits rose 6.30% to AZN 24.537 mln (24.19% of total loan portfolio).

Deposit portfolio descended 15.08% to AZN 25.643 mln, personal savings declined 22.1% to AZN 11.884 mln, total capital raised 1.02 times to AZN 55.290 mln, authorized capital remained unchanged at AZN 50.540 mln.

Incomes surged 46.13% to AZN 16.585 mln, expenditures soared 44.36% to AZN 15.536 mln.

Profit made AZN 1,049,086.

The bank operates 16 branches, 4 ATMs and 37 POS-terminals across the country.