Bank Of Baku

Azer-Turk Bank gets 35% growth in profit year-on-year

Azer-Turk Bank gets 35% growth in profit year-on-year
# 07 November 2012 11:39 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. in January-September, 2012, Azer-Turk bank got AZN 1.091 mln-profit, up 35% from a year earlier.

During the reporting period, total incomes rose 13.3% to AZN 6.648 mln, interest incomes grew by 13% to AZN 5.314 mln, non-interest incomes increased by 16% to AZN 1.334 mln . Expenses soared 8.8% to AZN 5.557 mln, interest expenses jumped 20% to AZN 1.838 mln, non-interest expenses rose 5.4% to AZN 3.708 mln.

Interest profit of the bank climbed 8.8% to AZN 3.476 mln, non-interest loss remained stable at AZn 2.373 mln.

Azer0Turk Bank has been in operation since 1995.
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