Net profit of Silk Way Bank reaches 3.4 million manats in 2015

Baku. 27 October. REPORT.AZ/ Net profit of Silk Way Bank in January-September 2015 amounted to 3 410.9 thousand manats. According to the report, the pre-tax profit amounted to 3 620.8 thousand manats.

Report informs referring to the bank, during the reporting period interest income of the bank amounted to 17 784.1 thousand manats, interest expense - 9 189.9 ths. manats. As a result, the bank completed January-September with interest income 8 594.2 ths. manats. During this period, non-interest income of the bank amounted to 8 171.2 ths. manat, non-interest expenses - 8 727.0 ths. manats, so there was non-interest loss of 555.8 th. manats.

According to the report, for creation of a special reserve for potential losses on assets was allocated 4 417.6 thousand manats.

Allocations to reserves for possible losses on loans and deposits amounted to 3 146 thousand manats, investments and securities - 812.7 ths. manats.