Baku. 25 April. REPORT.AZ/ Profit of Azer-Turk Bank in January-March 2016 amounted to 7.89 million AZN.

Report informs referring to the bank, a sharp increase in the bank's profit (6.5 times) was observed on an annualized basis. In the first quarter of last year, the bank's profit reached 1.214 million AZN.

During the period, the bank's revenue up to 2.26 times - up to 16, 775 million AZN, expenses to 43.13% - up to 8, 885 million AZN.

Assets of Azer-Turk Bank on an annualized basis up by 3.23-fodl and amounted to 1.234 billion AZN on April 1, 2016. During this period, the loan portfolio grew by 55.4% and reached 417.441 million AZN, deposit portfolio by 33.91% and made 359,853 mln. AZN.

Notably, as of April 1, 2016, the total capital of the bank amounted to 60.718 million AZN.