Bank Of Baku

Muganbank sees 19% decline in profit year-on-year

Muganbank sees 19% decline in profit year-on-year
# 31 January 2013 12:58 (UTC +04:00)

 

Baku. Vahab Rzayev – APA-Economics. In 2012, Muganbank got AZN 39.432 mln-income (+22.1). Expenses rose 31.7% to AZN 34.433 mln.

 

Consequently, the bank won AZN 4.999 mln profit last year, which is 18.7% less in annual comparison.

 

Muganbank has been in operation since 1992.

 

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