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Azfinansbank earns AZN 100 000 in the first quarter

Azfinansbank earns AZN 100 000 in the first quarter

01 June 2009 15:37 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As of April 1, Azerbaijan-based Azfinansbank posted its assets at AZN 10.563 million.

The newly established bank said deposit portfolio reached AZN 0.282 million, total capital AZN 9.762 million and authorized capital stock at AZN 10 million.

For the first quarter, the bankâ€™s revenue was AZN 0.093 million, expenditure AZN 0.332 million and loss AZN 0.238 million.

The number of staff reached 79 and average monthly salary AZN 101.

Azfinansbank was granted a license by the Central Bank of Azerbaijan on November 30, 2008 and launched operation in February 2009.

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