Int`l Bank of Azerbaijan completes 1st quarter of 2019 with net profit

18:00 - 22.07.2019

July 22, Fineko/abc.az. The International Bank of Azerbaijan finished the 1st quarter of this year with net profit in the amount of AZN 300 million.

Bank’s report says that as of 30 June 2019 IBA’s net interest income for the reported period amounted to AZN 171.4 million and net non-interest income AZN 7.39.

The Bank, whose operating profit totals AZN 164.4 million, reduced its contributions to the creation of special reserves to compensate for possible losses on bank assets by AZN 136.297 million and completed the 1st half of the year with profit of AZNN 300.3 million.

 

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