12:00 - 23.01.2020

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January 23, Fineko/abc.az. NBC Bank has published data about its financial position.

ABC.AZ reports that Bank's interest income amounted to AZN 17.57 million in 2018 and AZN 19.4 million in 2019, while non-interest income AZN 3.386 million in 2018 and AZN 4.598 million in 2019.

To be more specific, the total amount of Bank's expenditures amounted to AZN 24.413 million in 2019 against revenues of AZN 23.998 million in 2018. The exemption from special funds created in previous periods to compensate for possible losses on assets of AZN 1.76 million closed the loss of AZN 415,000. As a result, the Bank completed the past year with net profit of AZN 1.35 million.

The release of the created reserve is a sign that Bank's overdue loans are declining.