Amrahbank gets rise in quarterly profit

Amrahbank gets rise in quarterly profit
# 30 April 2013 10:31 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. Azerbaijan-based Amrahbank’s revenues in the first quarter made AZN 5.421 mln, up 60.2% compared with a year earlier. Bank says its expenditures rose 19.7% to AZN 3.964 mln.

Profit stood at AZN 1.558 mln, up 9.8 times in annual comparison.

Note that bank’s interest incomes were AZN 4.075 mln, non-interest incomes – AZN 1.346 mln, interest expenditures – AZN 1.558 mln, non-interest expenditures – AZN 2.406 mln. Interest profit soared 2.1 times, non-interest loss fell 6.5%.

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