Expressbank increases its net profit

15:24 - 26.07.2019


July 26, Fineko/abc.az. Expressbank completed the 1st half of 2019 (period from January to June) with net profit of AZN 3.128 million, according to Bank’s quarterly report.

The report says that for Jan-Jun 2019 Expressbank’s interest income grew by 25.4% up to AZN 18.73 million and non-interest income by 29.7% up to AZN 7.36 million (versus Jan-Jun 2018).

Expressbank reserved AZN 1.224 million of interest income in the 1st half of last year. For the reported term of this year AZN 201,000 were released from the reserve and added to interest income. The growth of revenues and non-allocation of funds to the reserve ensured the growth of Expressbank’s net profit.

 

Bütün xəbərlər