Bank Of Baku

NBC Bank gets sharp rise in profit

NBC Bank gets sharp rise in profit
# 01 November 2012 07:46 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. In January-September, 2012, NBC Bank got AZN 1.970 mln-profit, up 5 times compared to last year.

During the reporting period, total incomes soared 36% to AZN 7.998 mln, interest incomes rose 32% to AZN 6.870 mln, non-interest incomes increased by 59% to AZN 1.128 mln, expenses dropped 25% to AZN 4.109 mln, interest expenses declined 67% to AZN 0.988 mln, non-interest expenses grew by 25% to AZN 3.093 mln.

Interest profit grew by 2.7 times to AZN 5.882 mln, non-interest loss rose 11% to AZN 1.966 mln.

NBC Bank has been in operation since 1992. It operates 10 branches, 15 ATMs, 36 POS-terminals across the country.
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