Bank Avrasiya announced about financial position: over AZN 5 million of net profit


October 30, Fineko/abc.az. Bank Avrasiya announced its financial position for Jan-Sept 2019.

ABC.AZ informs that according to Bank’s report, its non-interest income for the period amounted to AZN 1.242 million with a rise of AZN 240,260 or 19.33% and non-interest expenses grew by AZN 199,000 or by 5,885% up to AZN 3.585 million.

Thus, for the first 9 months Bank Avrasiya's net operating profit amounted to AZN 4.226 million.

According to the report, the Bank withdrew AZN 1.699 million from its assignments for protection against possible losses in previous periods.

During the reported term, BA’s net profit also increased and reached AZN 5.926 million for Jan-Sept 2019. Bank's net profit totaled AZN 2.67 million last year. Thus, the Bank received net profit of 2.2 times more than against the 2018 same term.

By Elmir Murad