Bank Of Baku

Xalg Bank gets decline in annual profit

Xalg Bank gets decline in annual profit
# 31 January 2014 09:22 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. Azerbaijan-based Xalg Bank’s incomes in 2013 made AZN 78.525 mln, up 13.9% from previous year. Bank says expenditures rose 19.0% to AZN 64.482 mln.  

 

Bank’s profit made AZN 14.042 mln, down 4.2% from a year earlier.

 

Other financial performances of the bank:

 

Interest incomes – AZN 77.238 mln

Non-interest incomes – AZN 1.286 mln

Interest expenditures – AZN 32.739 mln

Non-interest expenditures – AZN 31.743 mln

 

Interest profit in 2013 increased by 28.6% to AZN 44.500 mln, non-interest loss - by 57.2% to AZN 30.457 mln.

 

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