Zaminbank ends first quarter with profit

Baku. 25 May. REPORT.AZ/ "Zaminbank" JSC made a profit of 752.5 million manats in the first quarter of this year. During this period, revenues amounted to 5.1 million manats, expenses - 4.3 million manats.

Report informs referring to the bank, during the reporting period, interest income was 8.8 million manats, non-interest loss - 3.7 million manats.2.7 million manats accounted for interest expenses and 1.6 million manats for non-interest expenses. Thus, bank reported 5.1 million manats interest income in the first quarter of this year.

According to the report, the number of customers of "Zaminbank" increased by 0.29% from the beginning of the year and reached 171.0 thousand people as of April 1, 2015. 160.5 thousand of them are individuals, 10.5 thousand - legal entities. 693 people worked in the bank as of April 1, and the average monthly salary were calculated in sum of 500 manats.

The authorized capital of the Bank as of April 1 amounted to 52.2 million manats, total capital - 57.3 million manats.