Bank Of Baku

Bank VTB Azerbaijan decreases loss by 50% year-on-year

Bank VTB Azerbaijan decreases loss by 50% year-on-year
# 23 April 2012 13:13 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Bank VTB Azerbaijan’s loss in January-March, 2012, made AZN 0.676 mln, down 50% compared to last year.

During the reporting period total incomes of the bank rose 67% to AZN 1.541 mln, as well as interest incomes soared 70% to AZN 1.428 mln, non-interest incomes increased by 32% to AZN 0.112 thousand. At the same time, total expenses rose 61% to AZN 2.217 mln, interest expenses grew by 2.5 times to AZN 00.453 mln, non-interest expenses rose 48% to AZN 1.763 ml.

Interest profit increased by 75% to AZN 0.975 mln, non-interest loss soared 48% to AZN 1.651 mln.

Note that, Bank VTB Azerbaijan got license on March 19, 2009.
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