Bank Of Baku

Kapital Bank sees 23% growth in profit

Kapital Bank sees 23% growth in profit
# 20 May 2011 13:53 (UTC +04:00)
Baku. Elnur Huseynquluyev - APA-Economics. In January-March, 2011, Azerbaijan’s Kapital Bank’s profit stood at AZN 3.901 mln, up 23% from a year ago.

Bank says total income rose 26.3% to AZN 20.214 mln, interest incomes – 35.6% to AZN 11.390 mln, non-interest incomes – 31.7% to AZN 8.824 mln.

Total expenses increased by 27% to AZN 16.313 mln, interest expenditures – 57.4% to AZN 6.286 mln, non-interest expenses – 30% to AZN 11.500 mln.

Interest incomes soared 16% to AZN 5.104 mln, non-interest loss – 25% to AZN 2.676 mln.

Remind that, Kapital Bank has been in operation since 2000. The bank operates 89 branches, 393 ATMs, 399 POS-terminals.
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