AGBank sees sharp rise in quarterly profit

AGBank sees sharp rise in quarterly profit
# 24 April 2013 12:07 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. In Q1 of 2013, incomes of AGBank amounted to AZN 12.793 ml (+14.3%). At the same time, expenses grew by 16.7% to AZN 11.232 mln.

During Q1, the bank gained AZN 0.961 mln-profit (+1.9 times).

Note that, during the reporting period, interest incomes of the bank made AZN 9.571 mln, non-interest incomes – AZN 3.222 mln, interest expense s- AZN 4.917 mln, non-interest expenses – AZN 6.315 mln. Interest profit of the bank rose 27.0%, non-interest loss – 44.2%.

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