Bank Of Baku

Azerbaijan Industry Bank triples Q1 profit

Azerbaijan Industry Bank triples Q1 profit
# 03 May 2012 08:55 (UTC +04:00)
Baku. Elnur Hüseynquluyev – APA-Economics. Azerbaijan Industry Bank got AZN 1.531 profit in January-March, 2012, up 3.1 times compared to last year.

During the reporting period, total incomes of the bank grew by 25% to AZN 4.449, interest incomes rose 33% to AZN 3.719 mln, non-interest incomes dropped 5% to AZN 0.730 mln, total expenses soared 4.1% to AZN 3.197 mln, interest expenses rose 50% to AZN 1.282 mln, non-interest expenses decreased by 14% to AZN 1.915 mln.

Interest profit increased by 26% to AZN 2.437 mln, non-interest loss dropped 18.2% to AZN 1.185 mln.

Azerbaijan Industry Bank was established in 1996. It has 9 branches, 1 department, 34 ATMs and 421 POS-terminals across the country.
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