"Kapital Bank" made 10 million manats profit in the first quarter

Baku. 8 June. REPORT.AZ/ "Kapital Bank" made 9.6 million manats profit in the first quarter of this year. This is 35.6% less compared with the same period last year.

Report informs referring to the bank, the bank has made 51.6 million manats revenue in the first quarter of this year, which is 28.9% more compared to the same period last year.The bank's expenses increased by 67.3% and rose up to 42.0 million manats during the reporting period.

Interest income increased by 45.9% during the reporting period to 38.5 million manats, interest expense increased by 38.6% to 9.4 million manats.As a result, the bank has made 29.1 million manats interest income in the first quarter.

During this period, the bank's non-interest income decreased by 3.9% to 13.1 million manats, non-interest expenses increased by 78.0%. manats and amounted to 32.6 million manats.Thus, the bank ended first quarter with a non-interest loss of 19.5 million manats.

According to the report, the interest income of "Capital Bank" increased by 48.36% and non-interest loss also increased by 4.17 times.