Caucasian Development Bank increased lending in foreign currency

Baku. 6 November. REPORT.AZ/ Volume of assets of OJSC "Caucasian Development Bank" on an annualized basis increased by 11.7% and on October 1, 2015 amounted to 159.4 million manats.

Report informs referring to the bank, for this period, the loan portfolio grew by 19.1% up to 151.3 million manats. Loans in foreign currency amount to 21.9 million manats or 14.5% of total loan portfolio. According to the report, the volume of lending in foreign currency increased by 3.3 times in comparison with the same period of 2014.

The deposit portfolio of the bank grew by 10.9% and amounted to 8.5 mln. AZN. 73.6% or 6.2 mln. AZN of this amount was placed in foreign currency. In the annual comparison, growth in the volume of deposits in foreign currency was observed by 90.5%.

On October 1, the authorized capital of the bank amounted to 60.3 million manats, total capital - 63.7 million manats.