Premium Bank`s interest income increased


July 24, Fineko/abc.az. Premium Bank has published the financial results for the 1st half of 2019.

According to the report, Bank's interest income for the 1st half of 2019 totaled AZN 21.513 million (a rise of 27.6% against AZN 16.85 million for Jan-Jun 2018). Non-interest income fell from AZN 10.139 million to AZN 10.77 million (a slight fall).

As of 30 June 2019 Premium Bank had assets in the total amount of AZN 648.76 million, liabilities of AZN 523.599 million and balance capital of AZN 125.16 million.

At the end of 2018 the Bank had assets totaling AZN 646.28 million, liabilities of AZN 511.557 million and balance capital of AZN 134.727 million.

Due to the distribution of net profit of AZN 16.15 million in the previous years, Bank’s total capital fell from AZN 134.727 million to AZN 125.16 million.

Over the first 6 months the loans given by Premium Bank to customers decreased from AZN 584.596 million to AZN 564.278 million.