Bank of Azerbaijan quadruples quarterly profit

Bank of Azerbaijan quadruples quarterly profit
# 23 April 2013 10:28 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. Bank of Azerbaijan’s revenues in January-March, 2013, made AZN 9.678 mln, up 62.0% in comparison with a year earlier. Bank says its expenditures rose 34.9% to AZN 6.528 mln.

Consequently, bank’s quarterly profit stood at AZN 3.149 mln, up 5.2 times from previous year.

Note that interest incomes made AZN 8.305 mln, non-interest incomes – AZN 1.373 mln, interest expenditures – AZN 3.259 mln, non-interest expenditures – AZN 3.255 mln. Interest profit soared 2.8 times, non-interest loss – 53.3%.

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