Bank Of Baku

Bank of Azerbaijan’s profit decreases by 6 times

Bank of Azerbaijan’s profit decreases by 6 times
# 13 February 2013 10:01 (UTC +04:00)

 

Baku. Vahab Rzayev – APA-Economics. Incomes of Bank of Azerbaijan during 2012 amounted to AZN 29.707 mln (+42.1%). During the reporting period, expenses rose 45.8% to AZN 29.607 mln.

 

At the end of 2012, the bank got AZN 99.73 thousand-profit (-6.2 times).

 

Note that, during the reporting year, Bank of Azerbaijan’s interest incomes made AZN 17.529 mln, non-interest incomes – AZN 12.177 mln, interest expenses – AZN 10.530 mln, non-interest expenses – AZN 19.044 mln. At the end of last year, bank’s interest profit dropped 2%, while non-interest loss was up 6.2%. 

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