Baku. 14 May. REPORT.AZ/ Turanbank OJSC finished the first quarter with a loss of 2.0 million manats. For the same period last year profit amounted to 1.9 mln. manats.
Report informs referring to the bank in January-March of current year income of the bank amounted to 6.2 mln. manats, expenses - 8.2 mln. manats.Thus, compared to the same period last year, revenues decreased by 16.1%, expenses increased by 49.9%.
Interest income of the bank increased by 36.4% compared to the same period last year and in the first quarter of this year amounted to 6.2 mln manats.Interest expense for the period increased by 25% - to 4.0 mln. manats.Thus, the bank has completed the first quarter with interest income of 4.8 mln. manats, which is 49.2% more compared to the same period last year.
During the reporting period the bank's non-interest income in the amount of 997.7 thousand manats last year turned to a loss of 2.5 mln. manats, while expenses increased by 87% and amounted to 4.3 mln. manats.
Authorized capital of Turanbank on April 1 this year amounted to 47.0 mln manats, total capital - 53.4 mln. manats.