Bank Of Baku

Azerbaijan-based banks operate at loss in January

Azerbaijan-based banks operate at loss in January
# 01 March 2011 11:47 (UTC +04:00)
CBA says the total profit with the special reserves on assets made AZN 21.81 mln, down 1.8 times compared to a year ago.

Interest income made AZN 91.67 mln, interest expenditures stood at AZN 48.66 mln and as a result, the interest profit made AZN 43.02 mln. At the same time, non-interest income stood at AZN 16.28 mln, non-interest expenditure at AZN 36.49 mln. Loss on non-interest operations made AZN 20.21 mln.

Note that, interest profit decreased by 11%, noni-interest loss rose 97.8%. Moreover, interest income rose 0.3%, interest expenditure soared 14.4%. Incomes in non-interest operations slipped 20.4%, expenditures surged 18.9%.
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