Baku. Elnur Huseynguluyev – APA-Economics. Bank VTB Azerbaijan’s loss in 2011 made AZN 3.339 mln, down 26% from 2010.
Bank says total income rose 59% to AZN 4.905 mln, as well interest income soared 51% to AZN 4.359 mln, non-interest income surged by 2.6 times to AZN 545,000. Along with this, interest expenditure increased by 8.8% to AZN 8.243 mln, including interest expenditures – by 10% to AZN 1.171 mln, non-interest expenditures – by 8.6% to AZN 7.073 mln.
Interest profit climbed 75% to AZN 3.188 mln, non-interest loss advanced 3.6% to AZN 6.528 mln.
Note that, Bank VTB Azerbaijan has been in operation since 2009.
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