Which bank in Azerbaijan earns AZN 1 million monthly? - REPORT


October 14, Fineko/abc.az. Nakhchivan Bank has published its financial indicators for the first 9 months of 2019.

ABC.AZ informs that according to Bank's report, for Jan-Sept 2019 its total revenues amounted to AZN 8.339 million and total expenditures AZN 3.58 million. As a result, Bank's operating profit reached AZN 4.76 million. AZN 358,000 of operating profit was allocated for the creation of special reserves to compensate for possible losses on assets. For Jan-Sept 2019 the Bank received net profit of AZN 4.404 million without paying profit tax. Thw figure is by AZN 27,000 less against the 2018 same term.

By Elmir Murad