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Zaminbank sees profit from non-interest operations

Zaminbank sees profit from non-interest operations

01 May 2013 12:42 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. Azerbaijan-based Zaminbank’s incomes during the first quarter of 2013 made AZN 7.059 mln, down 18.3% from previous year. Bank says its expenditures dropped 2.9 times to AZN 2.464 mln.

Moreover, bank’s profit made AZN 4.594 mln, up 2.8 times from previous year.

Note that bank’s interest incomes stood at AZN 4.236 mln, non-interest incomes – at AZN 2.823 mln, interest expenditures – at AZN 1.413 mln, non-interest expenditures – at AZN 1.052 mln. Bank’s interest profit slipped 33.3% year-on-year. At the same time, profit from non-interest operations made AZN 1.771 mln, while it was AZN 2.543 mln-loss last year.

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