Bank Eurasia’s profit increases more than twice

Bank Eurasia ended January-September 2019 on AZN 5.926 million in profit, up 2.2-fold from the previous year, Report informs.

Bank says the incomes dropped 4.4% to AZN 9.652 million, expenditures fell 0.5% to AZN 5.426 million, savings on allocations for special reserves amounted to AZN 1.699 million. The bank did not pay profit tax.

As of October 1, 2019, assets stood at AZN 164.387 million, down 0.2% from 2018. Of this, AZN 78.388 million was loans given to customers. The loan portfolio extended by 3.8% year-on-year.

Liabilities slipped 8.7% to AZN 94.287 million, deposit portfolio slid 12.7% to AZN 46.888 million, authorized capital made up AZN 50 million.

Bank Eurasia was established in 2007.