Nakhchivanbank’s profit amounts to AZN 4M this year

Baku. 10 October. REPORT.AZ/ As of October 1, 2018 Nakhchivanbank’s assets stood at AZN 194,863,000, up 43% from the previous year, Report informs.

Bank says the loan portfolio rose 6% to AZN 67,400,000, liabilities increased by 84% to AZN 117,603,000, deposit portfolio soared by 2.6-fold to AZN 75,937,000. The bank has no liabilities before the Central Bank of Azerbaijan.

Authorized capital made up AZN 67,830,000, and total capital AZN 77,260,000.

Profit surged by 24% to AZN 4,431,000, interest incomes amounted to AZN 5,081,000, interest expenditures to AZN 318,000, non-interest incomes to AZN 2,701,000, non-interest expenditures to AZN 2,491,000.