Bank Of Baku

Xalg Bank gets 22% decline in profit

 Xalg Bank gets 22% decline in profit
# 25 April 2013 10:28 (UTC +04:00)

 

Baku. Vahab Rzayev – APA-Economics. Azerbaijan-based Xalg Bank’s incomes during the first quarter made AZN 17.853 mln, up 15.3% from a year earlier. Bank says its expenditures rose 20.9% to AZN 16.315 mln.

 

Consequently, bank’s profit made AZN 1.538 mln, down 22.6% in comparison to a year ago.

 

Note that bank’s interest incomes stood at AZN 17.497 mln, non-interest incomes – at AZN 0.356 mln, interest expenditures – at AZN 6.806 mln, non-interest expenditures – at AZN 9.413 mln. Interest profit soared 64.6%, non-interest loss – 8.2 times. 

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