Kapital Bank sees 40% rise in net profit

Kapital Bank OJSC ended January-September 2019 on AZN 99.654 million in net profit, up 40.2% from previous year, Report informs.

Bank says the revenues increased by 18.1% to AZN 407.203 million, expenditures grew by 11.4% to AZN 198.721 million, allocations for special reserves rose by 8.3% to AZN 82.747 million, profit tax surged by 38.3% to AZN 26.08 million.

As of October 1, 2019, the assets stood at AZN 4,007,548,000, up 15.9% from the previous year. Loans given to customers amounted to AZN 1,447,072,000. Loan portfolio extended by 23.2% year-on-year.

Liabilities ascended by 15.4% to AZN 3,615,485,000, deposit portfolio went up 19.4% to AZN 3,193,557,000, authorized capital advanced 9.7% to AZN 225.85 million.

Kapital Bank has been in operation since 2004.