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YapiKredi Bank Azerbaijan sees 16% growth in assets

29 October 2014 11:08 (UTC +04:00)

Baku. Parviz Nuriyev – APA-Economics. In the third quarter of 2014, YapiKredi Bank Azerbaijan’s assets stood at AZN 342.770 mln, up 16.28% from previous year.

Bank says the loan portfolio rose 35.50% to AZN 249.359 mln, consumption loans raised 22.28% to AZN 94.381 mln, car loans fell 28.24% to AZN 16.335 mln.

Mortgage lending grew 93.32% to AZN 8.945 mln.

Overdue credits increased 3.49 times to AZN 18.743 mln.

Deposit portfolio soared 25.64% to AZN 164.001 mln, personal savings were equal to AZN 82.003 mln, up 2.07 times by contrast to a year earlier.

Total capital surged 3.92% to AZN 63.781 mln, while the authorized capital remained unchanged at AZN 46,810,700.

Incomes added 33.28% to settle at AZN 35.868 mln, expenditures climbed 25.48% to AZN 28.886 mln.

Profit made AZN 4,226,210.

The bank operates 13 branches, 26 ATMs and 2,800 POS-terminals across the country.