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Azerbaijan's Kapital Bank forecasts a significant profit increase for 2024, reaching up to $147 million.
Azerbaijan's Kapital Bank projects a 2024 net profit of 240-250 million manat ($141-147 million), up from 206 million manat ($121 million) in the first 10 months.
The bank's assets and loan portfolio are expected to reach 10.1 billion manat ($5.9 billion) and 5.5-5.6 billion manat ($3.24-3.29 billion) respectively.
The bank also highlighted plans to diversify assets, focusing on SMEs and mortgages.
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El Banco Kapital de Azerbaiyán prevé un aumento significativo de los beneficios para 2024, alcanzando hasta $147 millones.