ASB net profit drops sharply


January 19, Fineko/abc.az. Azerbaijan Industrial Bank (ASB) has released its financial indicators for 2020.

ABC.AZ reports with reference to ASB’s financial statements that despite the fact that the bank completed the reported term with net profit of AZN 5.184 million this indicator is less than last year.

Thus, in 2019, ASB's net profit amounted to AZN 7.69 million.

This shows that Bank's net profit decreased by AZN 2.504 million or by 32.6% last year.