Bank Of Baku

Royal Bank’s loss drops 10 times year-on-year

Royal Bank’s loss drops 10 times year-on-year
# 15 July 2011 11:11 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based Royal Bank’s loss in January-June, 2011, amounted to AZN 0.167 mln, down 10 times compared to a year ago.

Bank says total incomes of the bank during the reporting period rose 12% to AZN 15.746 mln, interest incomes made AZN 13.165 mln, non-interest incomes – AZN 2.582 mln. Expenses increased by 0.8% to AZN 15.914 mln, interest expenses made AZN 8.736 mln, non-interest expenses made AZN 7.178 mln.

Remind that, Royal Bank was founded in 1993. The bank operates 32 branches, 31 ATMs and 113 POS-terminals across the country.
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