Baku branch of National Bank of Pakistan suffered losses of AZN 297,000 -REPORT

11:36 - 4.11.2019

November 4, Fineko/abc.az. The Baku branch of the National Bank of Pakistan (NBP Baku) announced the financial results for Jan-Sept 2019.

ABC.AZ informs that according to Bank’s report, it ended the Jan-Sept term with loss of AZN 297,000.

Total revenues of the Baku branch of the NBP amounted to AZN 300 and total expenditures AZN 647,000. As for expenses, during the period when Bank's expenses exceeded revenues, operational damage of AZN 347,000 was caused.

Losses as a result of the release of AZN 50,000 from the provision for possible losses on loans and deposits decreased to AZN 297,000.

 

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