Bank Of Baku

Kavkaz Development Bank triples profit

Kavkaz Development Bank triples profit
# 30 October 2013 13:17 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. Azerbaijan-based Kavkaz Development Bank’s incomes made AZN 7.314 mln in January-September, 2013, up 81.1% from 2012. Bank says the expenditures rose 44.0% to AZN 4.258 mln. 

 

Profit increased by 2.8 times to AZN 3.056 mln.

 

Interest incomes made AZN 7.007 mln, non-interest incomes – AZN 0.308 mln, interest expenditures – AZN 3.092 mln, non-interest expenditures – AZN 1.166 mln, Consequently, interest profit doubled to AZN 3.915 mln, non-interest loss dropped 2.3% to AZN 0.858 mln.

 

 

 

 

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