Bank Of Baku

Bank Melli Iran Baku ends Q1 on loss

Bank Melli Iran Baku ends Q1 on loss
# 03 May 2016 13:10 (UTC +04:00)

Baku. Musa  Ahmadov - APA-Economics. Bank Melli Iran Baku’s assets stood at AZN 100.567 mln in the first quarter of 2016, up 19.28% from previous year.

 

Bank says the loan portfolio surged 73.16% to AZN 10.652 mln, liabilities soared 51.02% to AZN 50.113 mln, total capital dropped 1.32% to AZN 50.454 mln, and authorized capital remained unchanged at AZN 51.434 mln.

 

Interest incomes made AZN 803,000, expenditures AZN 6,557.

 

The bank faced AZN 721,655-loss in the first quarter.

 

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