Ganjabank ends 2012 with loss

Ganjabank ends 2012 with loss
# 28 February 2013 13:50 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. In 2012, incomes of Ganjabank amounted to AZN 2.749 mln (-20.9%). At the same time, bank’s expenses grew by 6.7% to AZN 3.621 mln.

The bank ended 2012 with AZN 872,000-loss, while in 2011, it got AZN 80,000-profit.

Note that, during the reporting period, bank’s interest incomes made AZN 2.550 mln, non-interest incomes – AZN 0.199 mln, interest expenses – AZN 1.740 mln, non-interest expenses – AZN 1.870 mln. Bank’s interest profit rose 2.3 times, non-interest loss dropped 3.5%.

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