Amrahbank increases interest income more than 5-fold

12:19 - 27.06.2019


June 27, Fineko/abc.az. Amrahbank achieved positive results in financial indicators over the last 5 months of 2019.

Thus, for Jan-May 2019 Bank’s interest income grew more than 3.2-fold against the 2018 same term and reached AZN 10.488 million.

Compared with the 2018 same period, operating income increased more than by AZN 3.104 million. Contributions and commission income grew by 16.14% up to AZN 1.53 million versus the same term of 2018.

Amrahbank’s loan portfolio for the past 5 months of 2019 increased by AZN 9.938 million up to AZN 119.49 million against Jan-May 2018.

The deposit portfolio, as well as in each bank, is of exceptional importance in Amrahbank's activity as an indicator of customer confidence. Thus, for the last 5 months of 2019 there was an increase in the raised finances. For Jan-May 2019 the volume of Bank’s retail deposits grew by 13% versus the 2018 relevant period.

 

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