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Bank VTB Azerbaijan increases non-interest losses

Bank VTB Azerbaijan increases non-interest losses

17 November 2011 13:24 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. In January-September, 2011, Bank VTB Azerbaijan got losses at amount AZN 2.389 mln, down 8.4% compared to last year.

During the reporting period, total incomes rose 435 to AZN 3.396 mln, interest incomes increased by 38% to AZN 3.109 mln, non-interest incomes soared 2.4 times to AZN 288 thousand.

Expenses grew by 16% to AZN 5.785 mln, interest expenses dropped 7.6% to 797 mln, non-interest expenses rose 21% to AZN 4.988 mln.

Interest incomes increased by 66% to AZN 2.311 mln, non-interest losses grew by 17.4% to AZN 4.700 mln. =

Note that, VTB Azerbaijan got a license in March of 2009.

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