Bank of Baku’s profit exceeds AZN 3M

Baku. 22 October. REPORT.AZ/ Asof October 1, 2018 Bank of Baku’s assets stood at AZN 301,607,000, down 30.5%from previous year, Report informs citing the bank's financial statement.

 The Bank says the net amount ofloans issued to customers dropped by 1.8% to AZN 193,199,000, liabilities slid33.3% to AZN 262,073, deposit portfolio fell by 42.3% to AZN 157,013,000, loansborrowed from Central Bank of Azerbaijan amounted to AZN 20 million.

Authorized capital stood atAZN 52,870,000, regulatory capital at AZN 38,535,000.

The net profit inJanuary-September made up AZN 3,128,000. In the reporting period,  interest incomes amounted to AZN 31,035,000, interest expenditures to AZN 11,022,000,non-interest incomes to AZN 2,504,000, non-interest expenditures to AZN46,137,000.

Notably, the bank  ended the same period of 2017 on loss of AZN31,890,000.