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YapiKredi Bank Azerbaijan triples overdue credits

16 April 2014 11:51 (UTC +04:00)

Baku. Parviz Nuriyev – APA-Economics. YapiKredi Bank Azerbaijan’s assets made AZN 330.845 mln in the first quarter of 2014, up 305 from previous year.

Bank says the loan portfolio rose 46% to AZN 227.581 mln, as well as consumption loans stood at AZN 85.500 mln, up 52% from a year earlier. Car loans soared 57% to AZN 21.147 mln. Overdue credits tripled to AZN 7.510 mln.

Deposit portfolio surged 38% to AZN 255.770 mln, personal savings made AZN 43.586 mln, up 7.4% by contrast to a year ago.

Total capital increased by 3.8% to AZN 62,971,400, while authorized capital remained unchanged at AZN 46,810,700.

Incomes grew 43% to AZN 11.558 mln, expenditures advanced 30% to AZN 8,789,670.

Profit made AZN 3,282,480.

The bank operates 13 branches, 26 ATMs and 2,304 POS-terminals across the country.