Unibank’s Q1 profit surges 2.2 times

Unibank’s Q1 profit surges 2.2 times
# 21 April 2011 07:37 (UTC +04:00)

Baku. Elnur Huseynguluyev – APA-Economics. In January-March, 2011, Azerbaijan-based Unibank’s profit made AZN 1.188 million, 2.2 times higher from the same period last year.

The main office of the bank told APA that its total income jumped 13.5% to AZN 12.313 mln, interest income rose 7.4% to AZN 10.542 mln, non-interest income increased by 72% to AZN 1.771 mln times.

Expenditures rose by 8% to AZN 11.125 mln, interest expenses went up 3.3% to AZN 5.746 mln, non-interest expenses increased by 13.6% to AZN 5.383 mln

Interest earnings of the bank rose 12.9% to AZN 4.796 mln, non-interest loss decreased by 2.6% to AZN 3.612 mln.

Remind that, Unibank is in operation since 1992. it has 24 branches, at present.
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