Bank Of Baku

Access Bank sees 9% rise in profit

Access Bank sees 9% rise in profit
# 24 October 2012 08:34 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Access Bank’s profit during January-September, 2012, made AZN 15.356 mln, up 9.4% compared with a year ago.

Bank says total incomes rose 13.2% to AZN 73.906 mln, as well as interest incomes soared 5.1% to AZN 66.483 mln, non-interest incomes quadrupled to AZN 7.422 mln.

Expenditures grew 14.5% to AZN 58.550 mln, including interest expenditures dropped 4.6% to AZN 18.552, non-interest expenditures went up 26.3% to AZN 39.998 mln.

Bank’s interest profit surged 9.3% to AZN 47.931 mln, non-interest loss increased by 9.2% to AZN 32.575 mln.

Remind that, Access Bank has been in operation since 202. The bank operates 34 branches across the country.
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