Bank Of Baku

ZaminBank gets 21% growth in profit year-on-year

ZaminBank gets 21% growth in profit year-on-year
# 10 May 2012 07:34 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. In January-March, 2012, ZaminBank got AZN 1.626 mln-profit, up 21% compared to last year.

During the reporting period, total incomes of the bank rose 3.2% to AZN 8.639 mln, interest incomes grew by 12.5% to AZN 6.612 mln, non-interest incomes dropped 18.6% to AZN 2.027 mln. At the same time, expenses decreased by 0.2% to AZN 7.012 mln, interest expenses soared 12.3% to AZN 2.442 mln, non-interest expenses decreased by 5.8% to AZN 4.570 mln.

Interest profit rose 12.7% to AZN 4.170 mln, non-interest loss rose 7.7% to AZN 2.543 mln.

ZaminBank was established in 1992. It has 38 branches, a representation in Moscow, 37 ATMs and 1,891 POS-terminals across the country.
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