12:19 - 30.07.2019

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July 30, Fineko/abc.az. Yapı Kredi Bank Azerbaijan (YKBA) has unveiled the financial results for the 1st half of 2019 (from January to June).

According to the report, the Bank completed this period with net profit of AZN 3.384 million (2.4-fold more versus the 2018 same term). Thus, YKBA finished the 1st half of 2018 with net profit of AZN 1.401 million. The increase in net profit resulted in a sharp reduction of expenditures and allocation of resources.

It should be noted that for the first 6 months of 2019 Bank’s total revenues amounted to AZN 23.66 million. During the same term of 2018 YKBA earned only AZN 25.419 million. The decline in total income by 6.9% is linked with a drop in non-interest income by 15.8%. Bank's interest income grew by 2.5%.