Gunaybank ended 1st quarter of year at a loss

Baku. 28 April. REPORT.AZ/ Gunaybank completed the 1st quarter at a loss of 1.4 million manats. For the same period of last year profit amounted to 514.2 thousand manats.

Report informs referring to the bank, the bank's earnings for the first quarter decreased by 2.27 times - from 2.0 million to 861.300 manats, including non-interest income decreased from 10,900 manats to minus 1.1 million manats. Interest income of the bank rose by 2.08% to 1,985 million manats.

Bank expenses for the first quarter decreased by 12.09% compared to the same period last year and on April 1 amounted to 409,400 manats, including interest expense decreased by 16.40% and amounted to 293,700 manats.

Non-interest expense increased by 1.15% and amounted to 115,700 manats.

On April 1, the assets of Gunaybank were 92.3 million manats, the authorized capital - 64.9 million manats, total capital - 62.7 million manats.