Bank Of Baku

IBA sees rise in profit

<b>IBA sees rise in profit </b>
# 27 April 2012 14:02 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. IBA’s profit as of Q1, 2012, grew by 7.2% and hit AZN 7.082 mln.

During the quarter, incomes of the bank rose 8.3% in comparison with last year and made AZN 91.643 mln. ROA of the assets was equal to 0.14%; ROE – 1.77%, up 0.03% and 0.25% from a year earlier.

Note that, IBA was founded in 1992. 50.2% of the shares belong to the state, 49.8% - to private legal entities.
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