12:43 - 4.11.2019

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November 4, Fineko/abc.az. GunayBank's net profit has decreased.

ABC.AZ informs that according to Bank's financial indicators for Jan-Sept 2019 GunayBank completed the reported term with net profit of AZN 1.1 million with fall of AZN 279,000 or 21.6% against the 2018 same period). Thus, Bank’s net profit for Jan-Sept 2018 totaled AZN 1.29 million.

Despite the fact that Bank's net profit decreased, its interest income for the period increased. Over Jan-Sept GunayBank's interest income grew by AZN 15,000 up to AZN 8.9 million, while non-interest income decreased by AZN 3.817 million to AZN 5.39 million.

Bank's costs are also rising. Compared with Jan-Sept 2018, GunayBank's interest expenses for Jan-Sept 2019 increased by AZN 2.5 million, amounting to AZN 6.579 million and non-interest expenses by AZN 1.36 million, decreasing by AZN 5.92 million.

Along with decrease in GunayBank's total revenues by AZN 3.8 million, total expenses grew by AZN 1.194 million. As a result, the profit of the operation fell by AZN 4.996 million to AZN 1.79 million from AZN AZN 6.79 million.