Atabank ends three quarters on profit

Atabank ended January-September 2019 on AZN 22,000 in net profit, down 74.4% from 2018.

Report informs citing the bank that the revenues decreased by 19.8% to AZN 28.341 million, expenditures declined by 9.7% to AZN 33.31 million, allocations for special reserves rose by 3.1-fold to AZN 4.991 million. The bank did not pay profit tax.

As of October 1, 2019, the assets stood at AZN 532.074 million, down 9.7% from a year earlier. Of this, AZN 341.465 million was loans issued to customers. Bank’s loan portfolio dropped by 16.1% year-on-year.

Liabilities dropped by 12.4% to AZN 389.438 million, deposit portfolio slipped 6.2% to AZN 286.268 million, authorized capital made up AZN 120.02 million.

Atabank has been in operation since 1993.