AgBank finishes 1st half of 2019 at a loss


July 19, Fineko/abc.az. The net loss of AgBank amounted to AZN 897,430 for the 1st half of the year.

According to AgBank’s financial report, for Jan-Jun 2019 AGBank's total interest and non-interest earnings totaled AZN 21.867 million, including AZN 4.968 million released from special reserves created for possible losses of assets of AZN 26.836 million and total expenditures AZN 27.7 million.

Compared with the 1st half of 2018, Bank's losses decreased by 1.8 times this year. Thus, AgBank completed the 1st half of last year with loss of AZN 1.575 million.