Nakhchivan Bank paid AZN 41,000 of profit tax


July 17, Fineko/abc.az. Nakhchivan Bank completed the 1st half of 2019 with net profit of AZN 2.223 milion.

Bank’s quarterly financial report says that the figure is by AZN 103,000 or 4.4% less versus the 2018 same term.

According to the report, for Jan-Jun 2019 Nakhchivan Bank’s total income amounted to AZN 4.96 million and expenditures AZN 2.138 million, operating profit AZN 2.826 million. The Bank allocated AZN 602,000 of operating profit for the creation of a special reserve for compensation of possible losses on assets and paid profit tax in the amount of AZN 41,000.