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Ziraat Bank Azerbaycan`s net profit grew 1.9-fold - STATISTICS

09.10.2019,17:05


October 9, Fineko/abc.az. Ziraat Bank Azerbaycan OJSC has unveiled the financial indicators for Jan-Sept 2019.

ABC.AZ reports that according to Bank’s report, Ziraat Bank completed the reported term with net profit of AZN 3.8 million. The indicator is by 1.9 times more versus the same period of 2018. Thus, for Jan-Sept 2018 Bank's net profit amounted to AZN 1.604 million. The increase in net profit is explained by the decrease in reserves for loan and deposit losses. Operating profit, which more accurately reflects the Bank's performance, fell due to rising costs.

By Elmir Murad