Interest income of Bank VTB (Azerbaijan) increases by 19%

Baku. 5 August. REPORT.AZ/ VTB Bank (Azerbaijan) has completed the first half of the year with a loss of 11.1 million manats. In the first half of last year profit amounted to 2.5 mln manats.

Report informs referring to the bank, in the first half of this year revenues on an annualized basis increased by 40.4% - to 28.4 million manats, expenses - by 78.2% - to 18.1 mln. manats.

During the reporting period, interest income of the bank amounted to 26.996 million manats, interest expenses 9.3 mln. manats. Thus, the bank has completed the first half with a profit rate of 17.7 million manats, which is 19.4% more than in the same period of last year.

During this period, non-interest income of the bank amounted to 1.5 mln. manats, non-interest expenses 8.8 mln. manats. Thus, in the first half of the year, bank's non-interest losses amounted to 7.4 mln. manats, which is 55.7% more than in the same period of last year.