Bank VTB Azerbaijan has published financial statements


July 19, Fineko/abc.az. Bank VTB (Azerbaijan) has presented its financial statements for the 1st half of 2019.

According to Bank VTB’s report, the Bank completed the past half-year with net profit of AZN 4.712 million.

Bank’s quarterly report says that for Jan-Jun 2019 Bank's total interest and non-interest earnings amounted to AZN 6.48 million and total interest and non-interest expenditures AZN 10.25 million.

Because of the excess of expenditures over earnings, the Bank suffered losses of AZN 3.77 million. However, due to the issue of special reserves created to compensate for possible losses on assets, the operating loss of AZN 8.486 million was closed and net profit reached AZN 4.712 million.