Bank Of Baku

AGBank gets decline in profit

AGBank gets decline in profit
# 29 January 2014 12:57 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. Azerbaijan-based AGBank’s income in 2013 made AZN 59.348 mln, up 24.4% from previous year. Bank’s expenditures rose 25.3% to AZN 53.034 mln.

 

Profit stood at AZN 2.515 mln, down 17% in annual comparison.

 

Other financial performances of the bank:

 

Interest incomes – AZN 43.011 mln;

Non-interest incomes – AZN 16.337 mln;

Interest expenditures – AZN 21.797 mln;

Non-interest expenditures – AZN 31.238 mln.

 

Interest profit soared 39.5% to AZN 21.214 mln, non-interest loss surged 50.5% to AZN 14.901 mln. 

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