Bank Of Baku

Bank SilkWay gets 29% rise in Q1 incomes

Bank SilkWay gets 29% rise in Q1 incomes
# 18 April 2013 09:20 (UTC +04:00)

 

Baku. Vahab Rzayev – APA-Economics. Azerbaijan-based Bank SilkWay’s income during the first quarter made AZN 3.567 mln, up 29.1% from previous year. Bank says the expenditures rose 50.2% to AZN 2.254 mln.

 

Consequently, bank’s profit made AZN 700,000, up 32.9% in annual comparison.

 

Note that the interest incomes stood at AZN 2.463 mln, non-interest incomes – at AZN 1.104 mln, interest expenses – at AZN 0.814 mln, non-interest expenses – at AZN 1.440 mln. 

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