Parabank’s interest profit increases by 15% year-on-year

Parabank’s interest profit increases by 15% year-on-year
# 06 March 2013 12:31 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. Azerbaijan-based Parabank’s incomes for 2012 made AZN 19.441 mln, up 2.0% from 2011. Bank says the expenditures slipped 9.6% to AZN 17.502 mln.

Bank’s profit made AZN 1.940 mln in 2012, while it saw AZN 293,000-loss in 2011.

Note that interest incomes made AZN 15.323 mln, non-interest incomes – AZN 4.118 mln, interest expenditures – AZN 9.152 mln, non-interest expenditures – AZN 8.350 mln. Consequently, interest profit soared 14.8%, non-interest loss declined 8.7%.

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