Yapi Kredo Bank Azerbaijan gets 32% growth in assets

The Baku Office of the Bank told APA-Economics that its loan portfolio expanded 1.6 times during the first quarter to AZN 15,811,370.

As of April 1, the deposit portfolio increased 62.65% to AZN 45,474.600 and aggregate capital jumped 33.69% to AZN 9,662.360, including the nominal capital reaching AZN 6,349,000.

The bank's 1Q revenues rose 33,85% to AZN 1,801.610 while expenditures climbed 21.31% to AZN 710,970.000. Yapi Kredo Bank Azerbaijan's Q1 net profit grew 43.79%, year-on-year, to AZN 831,590.000.

In 2000 Yapi Kredo Bank Azerbaijan was established by Turkish Koch Bank (80%) and International Finance Corporation (20%).