Baku. Vahab Rzayev – APA-Economics. In Q1, 2013, Mugan Bank’s incomes amounted to AZN 9.863 mln, up 10.4% compared to last year. At the same time, expenses grew by 19.1% to AZN 7.921 mln.
Consequently, during Q1, the bank got AZN 1.942 mln-profit, down 14.9% from last year.
Note that, during the reporting period, interest incomes stood at AZN 6.947 mln, non-interest incomes – AZN 2.916 mln, interest expenses – AZN 3.374 mln, non-interest expenses – AZN 4.548 mln. Interest profit rose 7.7%, non-interest loss soared 4.2 times.