Bank Of Baku

Rabitabank sees sharp increase in profit

Rabitabank sees sharp increase in profit
# 30 July 2013 09:00 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. Azerbaijan-based Rabitabank’s profit in January-June, 2013, made AZN 12.174 mln, up 40.2% from previous year. Bank says expenditures rose 34.1% to AZN 11.439 mln. 

 

Profit made AZN 0.735 mln, up 3.5 times in annual comparison.

 

Note that interest incomes stood at AZN 9.925 mln, non-interest incomes – at AZN 2.249 mln, interest expenditures - at AZN 5.040 mln, non-interest expenditures – at AZN 6.400 mln. Interest profit rose 1.8 times to AZN 4.855 mln, non-interest loss – 1.7 times to AZN 4.181 mln.

 

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