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Mugan Bank sees 60% growth in profit year-on-year

Mugan Bank sees 60% growth in profit year-on-year

22 October 2012 08:01 (UTC +04:00)

Baku. Elnur Huseynguluyev - APA-Economics. Mugan Bankâ€™s profit stood at AZN 8.09 mln in January-September, 2012, up 57% compared to last year.

During the reporting period, total incomes rose 24% to AZN 29.256 mln, interest incomes grew by 22% to AZN 19.841 mln, non-interest incomes soared 26% to 9.414 mln, expenses increased by 14% to AZN 21.206 mln, interest expenses rose 5.9% to AZN 8.751 mln, non-interest expenses climbed 21% to AZN 12.456 mln.n

Interest profit rose 39% to AZN 11.090 mln, non-interest loss increased by 7.1% to AZN 3.041 mln.

Remind that, Mugan Bank has been in operation since 1992. The bank operates 30 branches, 51 ATMs, 659 POS-terminals and 576 employees across the country.

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