Baku branch of Melli Iran Bank gets loss in first quarter

Baku branch of Melli Iran Bank gets loss in first quarter
# 22 April 2011 08:42 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. The loss of Baku branch of Melli Iran Bank reached 145.230 thousand in January-Mach, 2011. Bank says its profit stood at AZN 26.790 thousand, in first quarter.

Total income dropped 33.80% to AZN 705.880 thousand, including interest income made AZN 636.410 thousand, non-interest income – AZN 69.470 thousand. Expenditure slipped 18.13% to AZN 851.110 thousand, interest expenses stood at AZN 195.250 thousand, non-interest expenses – at AZN 397.230 thousand.

Interest profit was AZN 441.160 thousand, non-interest profit –AZN 327.760 thousand.

Remind that, Baku branch of Melli Iran Bank has been in operation since 1994. The branch operates 6 ATMs, 1 POS-terminal and 29 employees.
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