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Bank Nikoilâ€™s profit declines 35%

Bank Nikoilâ€™s profit declines 35%

03 February 2014 14:22 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. Azerbaijan-based Bank Nikoil’s incomes in 2013 made AZN 36.897 mln, down 0.5% from 2012. Bank says expenditures rose 1.4% to AZN 35.427 mln.

At the same time, bank’s profit made AZN 1.471 mln, down 34.7% by contrast to a year earlier.

Interest incomes made AZN 32.459 mln, non-interest incomes – AZN 4.438 mln, interest expenditures – AZN 16.980 mln, non-interest expenditures – AZN 17.770 mln. Interest profit dropped 14.8% to AZN 15.479 mln, non-interest loss slipped 12.8% to AZN 13.332 mln.

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