Baku. Elnur Huseynguluyev – APA-Economics. The volume of Bank of Azerbaijan’s profit during 2011 made AZN 0.620 mln, while the bank finalized 2010 with losses in amount of AZN 15.972 mln.
During the reporting period, total incomes of the bank rose 15.3% to AZN 20.887 mln, interest incomes soared 9.04
% to AZN 15.723 mln, non-interest incomes dropped 54% to AZN 11.684 mln. Total expenses slipped 41% to AZN 20.267 mln, interest expenses decreased by 3.2% to AZN 8.583 mln, non-interest expenses dropped 54% to AZN 11.684 mln.
Interest profit rose 29% to AZN 7.140 mln, non-interest losses decreased by 70% to AZN 6.520 mln.
Remind that, Bank of Azerbaijan has been in operation since 1993. As of January 1, 2012, it operates 15 branches, 29 ATMs, 543 POS-terminals and 280 employees across the country.
Bank of Azerbaijan decreases non-interest losses by 70% in 2011
27 February 2012 13:21 (UTC +04:00)
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