Bank Of Baku

Mugan Bank gets 9% rise in profit

 Mugan Bank gets 9% rise in profit
# 29 January 2014 09:33 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. Azerbaijan-based Mugan Bank’s incomes in 2013 made AZN 43.004 mln, up 9.1% from 2012. Bank says its expenditures soared 9.3% to AZN 37.572 mln. 

 

Bank’s profit made AZN 5.432 mln, up 8.7% from previous year.

 

Other financial performances:

 

Interest incomes – AZN 30.803 mln

Non-interest incomes – AZN 12.201 mln

Interest expenditures – AZN 14.652 mln

Non-interest expenditures – AZN 19.469 mln.

 

Interest profit rose 8.0% to AZN 16.151 mln, non-interest loss grew 2.5 times to AZ 7.268 mln. 

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