Kredo Bank increases volume of problem loans

Baku. 6 August. REPORT.AZ/ Assets of Kredo Bank in the annual comparison increased by 16.6% on July 1, 2015 and reached 179.5 million manats. During this period, the loan portfolio increased by 3.3% to 108.3 million manats.

Report informs referring to the bank, 6.4%, or 6.978 million manats of loan portfolio placed in foreign, 93.6% or 101 300 000 manats in the national currency. The volume of overdue loans as of July 1 was 27%, or 29.2 million manats of loan portfolio. This figure in the same period of last year was equal to 22.33% or 23.4 million manats.

According to the report, the deposit portfolio decreased by 22% to 24.2 million manats. Of these, 43.2% or 10.5 mln. AZN placed in foreign, 56.8% or 13.8 million manats in the national currency.

The authorized capital of KredoBank to July 1 of this year amounted to 50.5 million manats, total capital 56.5 million manats.