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Royal Bank increases non-interest losses

Royal Bank increases non-interest losses

26 January 2012 08:22 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. In 2011, Royal Bank got losses at amount AZN 3.747 mln.

During the reporting period, total incomes dropped 7.4% to AZN 29.328 mln, interest incomes increased by 0.1% to AZN 24.929 mln, non-interest incomes declined 34% to AZN 4.399 mln.

Expenses grew by 8.3% to AZN 33.075 mln, interest expenses rose 3.4% to 17.740 mln, non-interest expenses rose 15% to AZN 15.335 mln.

Interest incomes decreased by 7% to AZN 7.189 mln, non-interest losses grew by 63% to AZN 10.936 mln.

Remind that, Royal Bank was established in 1993 as OZ Bank. It operates 32 branches, 31 ATMs and 113 POS-terminals across the country.

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