Bank Of Baku

Expressbank sees 70% rise in profit last year

Expressbank sees 70% rise in profit last year
# 30 January 2012 11:13 (UTC +04:00)
Baku. Elnur Huseynguluyev - APA-Economics. Express Bank got AZN 11.523 mln profit in 2011, up 71% from a year ago.

During the reporting period, total incomes rose 36% to AZN 23.823 mln, interest incomes increased by 69% to AZN 14.836 mln, non-interest incomes grew by 25 to AZN 8.987 mln, expenses rose 13
% to AZN 12.300 mln, interest expenses soared 55% to AZN 3.045 mln, non-interest expenses rose 44% to AZN 9.255 mln.

Interest profit increased by 74% to AZN 11.791 mln, non-interest loss dropped 8.8 times to AZN 0.268 mln.

Remind that, Express Bank has been in operation since 1989 until March, 2010, as Azərnəqliyyatbank. It operates 10 branches, 33 ATMs, 23 POS-terminals and 247 employees across the country.
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