Baku. Vahab Rzayev – APA-Economics. In Q1, 2013, incomes of Kavkaz Development Bank amounted to AZN 2.232 mln, up 80.6% from a year earlier. At the same time, bank’s expenses grew by 84.9% to AZN 1.651 mln.
Consequently, the bank got AZN 581,000-profit in Q1.
Note that, during the reporting period, interest incomes made AZN 2.145 mln, non-interest incomes – AZN 0.087 mln, interest expenses – AZN 0.924 mln, non-interest expenses – AZN 0.727 mln. Interest profit rose 2.1 times in the past year, non-interest loss increased by 2.6 times.