Bank of Baku`s interests grown slightly


July 19, Fineko/abc.az. Bank of Baku OJSC completed the 1st half of 2019 with net profit of AZN 32.287 million.

Bank’s quarterly report says that BoB interest income amounted to AZN 20.86 million for Jan-Jun 2019.

Over the 1st half of 2018 the Bank received AZN 20.8 million of interest income.

For Jan-Jun of the year Bank’s non-interest loans increased 2.4-fold up to AZN 3.697 million.

Total income for the 1st half of 2019 amounted to AZN 91.3 million and expenditures, including profit taxes, AZN 59.037 million.

Bank’s net profit amounted to AZN 32.287 million for Jan-Jun 2019 (17.6-fold more against the 2018 same term).