Bank Of Baku

Parabank sees 21% rise in Q1 profit

Parabank sees 21% rise in Q1 profit
# 02 May 2012 13:37 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Parabank completed January-March, 2012, with AZN 57,000 profit, up 215 from a year earlier.

During the reporting period, total incomes dropped 7.6% to AZN 4.453 mln, interest incomes decreased by 12% to AZN 3.604 mln, non-interest incomes grew by 15% to AZN 0.850 mln. Total expenses went down 7.8% to AZN 4.396 mln, interest expenses decrease by 11% to AZN 1.975 mln.

Interest profit slipped 13.5% to AZN 1.236 mln, non-interest loss rose 2.9% to AZN 1.125 mln.

Remind that, Parabank has been in operation since 1991. As of April 1, 2012, it has 15 branches, 18 ATMs, 238 POS-terminals and 402 employees across the country.
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