Bank Of Baku

Bank Silk Way sees 53% rise in interest profit

Bank Silk Way sees 53% rise in interest profit
# 28 January 2014 13:53 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. Azerbaijan-based Bank Silk Way’s incomes in 2013 made AZN 19.391 mln, up 30.2% from 2012. Bank says expenditures rose 41.0% to AZN 11.730 mln.

 

Profit stood at AZN 2.6 mln, down 34.4% from a year earlier.

 

Interest incomes made AZN 14.114 mln, non-interest incomes – AZN 5.277 mln, interest expenditures – AZN 4.314 mln, non-interest expenditures – AZN 7.416 mln. Consequently, interest profit surged 53.1% to AZN 9.8 mln. Bank’s non-interest loss were AZN 2.139 mln in 2013, non-interest profit – AZN 0.213 mln in 2012.

 

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