Naxchivanbank directed AZN 430,000 to compensate for possible damage on assets

15:45 - 20.04.2020

April 20, Fineko/abc.az. Naxchivanbank has unveiled the results of activity for the 1st quarter of 2020.

ABC.AZ informs that according to Bank's report, its operating profit was recorded in the amount of AZN 2.608 million for Jan-Mar. Of this amount, AZN 430,000 (2-fold more versus Jan-Mar 2019) were directed to the reserve to cover possible damage on assets, and the remaining AZN 2.177 million (1.95-fold more) for Bank's net profit. In the 1st quarter the Bank did not pay profit tax.

 

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