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AGBank sees profit in 2012

AGBank sees profit in 2012

06 March 2013 12:23 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. Azerbaijan-based AGBank’s revenues in 2012 made AZN 47.682 mln, up 77.1% from previous year. Bank says expenditures rose 15.1% to AZN 42.326 mln.

Bank’s profit was AZN 3.031 mln in 2012, while it saw AZB 330,000-loss in 2011.

Note that interest incomes made AZN 44.380 mln, non-interest incomes – AZN 3.3301 mln, interest expenditures – AZN 19.173 mln, non-interest expenditures – AZN 23.153 mln. Bank’s interest profit stood at AZN 15.2 mln, while the loss made AZN 600,000 in 2011, non-interest loss rose 7.6% in 2012.

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