Kredo Bank sees 17% rise in interest profit

Kredo Bank sees 17% rise in interest profit
# 20 February 2013 08:46 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. In 2012, Kredo Bank gained AZN 10.375 mln income (+20.9%). During the reporting period, expenses rose 20.7% to AZN 9.987 mln.

At the end of last year, the bank got AZN 310 mln-profit (-14.6%).

Note that, interest incomes of the bank made AZN 9.878 mln, non-interest incomes – AZN 0.497 mln, interest expenses – AZN 3.748 mln, non-interest expenses – AZN 6.240 mln. Consequently, last year bank’s interest profit grew by17.3%, non-interest loss rose 18.8%.

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