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Kredobank gets rise in assets

17 November 2014 11:49 (UTC +04:00)

Baku. Parviz Nuriyev - APA-Economics. In the third quarter of 2014, Kredobank’s assets stood at AZN 162.385 mln, up 27.02% from previous year.

Bank says the loan portfolio rose 0.68% to AZN 100.964 mln, consumption loans raised 2.31 times to AZN 44 mln, mortgage loans fell 30.42% to ANZ 24.125 mln (AZN 4.378 mln given through AMF), overdue credits increased 8.9% to AZN 24.383 mln (24.15% of loan portfolio).

Deposit portfolio grew 72.62% to AZN 28.826 mln, personal savings dropped 11.37% to AZN 13.078 mln.

Total capital went up 1.90% to AZN 54.754 mln, authorized capital remained unchanged at AZN 50.540 mln.

Incomes soared 71.12% to AZN 13.919 mln, expenditures surged 2.97 times to AZN 13.108 mln.

Profit made AZN 810,800.

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