Pasha Bank`s net profit lowers sharply - by 10 times

13:06 - 17.04.2020


April 17, Fineko/abc.az. PASHA Bank has released its report for the first quarter of 2020.

ABC.AZ informs that according to the report, Bank's net profit for the first 3 months totaled AZN 3.48 million. This is by 10.2 times less against the 2019 same period.

Thus, for Jan-Mar 2019 the Bank made a profit of AZN 35.68 million. The report says that in the 1st quarter Pasha Bank's interest income amounted to AZN 52.014 million (1% less than last year), interest expenses AZN 10.706 million (6.1% more), and net interest income AZN 41.308 million (2.7%).

During this period Bank's interest income totaled AZN 24.699 million (2.6-fold more against last year), non-interest expenses AZN 40.345 million (2.5-fold). As a result, the Bank ended the quarter with an operating profit of AZN 25.661 million (28% less).

 

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