Bank Of Baku

YapiKredi Bank Azerbaijan increases non-interest loss sharply

YapiKredi Bank Azerbaijan increases non-interest loss sharply
# 21 November 2011 09:21 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. YapiKredi Bank Azerbaijan gained AZN 5.405 mln profit in January-September, 2011, down 14.7% from 2010.

Bank says total income decreased by 5% to AZN 13.842 mln, including interest incomes slipped 6.3% to AZN 8.995 mln, non-interest income ended down 27% to settle at AZN 4.486 mln.

Expenditures slid 1.9% to AZN 8.077 mln, as well interest expenditures enhanced 42% to AZN 1.165 mln, non-interest expenditures rose 11% to AZN 6.912 mln, PR and marketing expenses soared 22% to AN 45.4 mln.

Bank’s interest profit surged 21% to AZN 7.830 mln, non-interest loss ended up 18 times to settle at AZN 2.426 mln.

Remind that, YapiKredi Bank Azerbaijan has been in operation since 2000. The bank operates 8 branches, 17 ATMs and 135 POS-terminals across the country.
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