Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based DemnirBank plans to increase the profit by 47% to AZN 3 mln, in 2011, Deputy Chairman of BoD Yusif Jabbarov told APA.
According to him, interest incomes are also expected to be increased this year. So, total income will be reached AZN 50 mln. Interest income is forecasted to be risen40% to AZN 40 mln, non-interest income – 30% to AZN 10 mln.
He noted that, AZN 2 mln from the profit to be earned in 2011 was planned to be directed to bank capitalization in 2012.
Remind that, DEmirBank has been in operation since 1989. THE bank operates 30 branches, 50 ATMs and 245 POS-terminals across the country.
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