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Ganjabank sees sharp fall in profit

03 February 2012 13:02 (UTC +04:00)

Baku. Elnur Huseynguluyev - APA-Economics. Ganjabank got AZN 0.080 mln profit in 2011, down 14 times compared to last year.

Total incomes dropped 14% to AZN 3.475 mln, interest incomes decreased by 13% to AZN 3.222 mln, non-interest incomes slipped 18% to AZN 0.253 mln.

Expense rose 19% to AZN 3.395 mln, interest expenses soared 16% to AZN 1.401 mln, non-interest expenses increased by 21% to AZN 1.983 mln, PR and marketing expenses made AZN 0.011 mln.

Interest profit decreased by 27% to AZN 1.821 mln, non-interest loss dropped 29% to AZN 1.730 mln.

Remind that, Ganjabank has been in operation since 1994. It operates 5 branches, 6 ATMs and 16 POS-terminals across the country.