Bank Of Baku

Xalg Bank gets decline in profit

Xalg Bank gets decline in profit
# 28 October 2013 10:46 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. Azerbaijan-based Xalg Bank’s incomes made AZN 58.310 mln in January-September, 2013, up 21.0% from 2012. Bank says te expenditures rose 26.0% to AZN 49.415 mln. 

 

Bank’s profit stood at AZN 8.894 mln, down 1.0% in annual comparison.

 

Interest incomes made AZN 57.974 mln, non-interest incomes – AZN 0.336 mln, interest expenditures – AZN 23.493 mln, non-interest expenditures – AZN 25.886 mln. Interest profit grew 56.8% to AZN 34.481 mln, non-interest loss doubled to AZN 25.550 mln.

 

 

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