Ganjabank ends Q1 with profit

Ganjabank ends Q1 with profit
# 14 August 2013 10:35 (UTC +04:00)

Baku. Vahab Rzayev - APA-Economics. Ganjabank’s Q1 incomes made AZN 1.558 mln, up 68.6% from a year earlier.

Bank’s expenses dropped 24.5% to AZN 1.316 mln.

According to bank’s reports, during half-year, the bank got AZN 241 mln-profit. During January-June, 2012, AZN 818,000-loss was observed at the bank (-29.6%).

During the reporting period, interest incomes made AZN 1.420 mln, non-interest incomes – AZN 0.137 mln, interest expenses – AZN 0.935 mln, non-interest expenses - AZN 0.373 mln.

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THE OPERATION IS BEING PERFORMED