Azerbaijan Industry Bank increases net profit by 90%

​Azerbaijan Industry Bank increases net profit by 90%

As of April 1, 2019, the assets of Azerbaijan Industry Bank amounted to AZN 903.669 million, down 0.1% from the previous year, Report informs.

Bank says the loans issued to customers were responsible for AZN 288.577 million of assets. The loan portfolio extended by 9.3% from the previous year.

Liabilities dropped by 0.6% to AZN 808.02 million, deposit portfolio surged by 8.3% to AZN 634.958 million, total capital soared by 4.3% to AZN 95.667 million.

Interest incomes ascended by 2.8% to AZN 6.3 million, interest expenditures advanced by 2.8% to AZN 3.17 million, non-interest incomes doubled to AZN 3.994 million, non-interest expenditures fell by 10.6% to AZN 2.636 million, allocations for special reserves on compensation of possible losses on assets made up AZN 549,000, profit tax climbed 84.9% to AZN 731,000. Consequently, the bank ended the first quarter of 2019 on AZN 3.208 million in profit, up 89.9% in comparison to a year earlier.

Azerbaijan Industry Bank was established in 1996 as Capital Investment Bank and rebranded in 2006. Its authorized capital is AZN 60 million

If you find out orphographic mistake in the text, please select mistaken part of the text and press Ctrl + Enter.

This post is also available in other languages:

Last added

Latest news

Orphus sistemi