Premium Bank's income reduced


October 22, Fineko/abc.az. Premium Bank completed the 3rd quarter of 2021 with profit of AZN 6.999 million (8.5% less against Q3 of 2020).

According to Bank's financial statements, for the same period in 2020 Bank's profit amounted to AZN 7.65 million.

The report says that for past 9 months of 2021 Bank's earnings totaled AZN 34.898 million (7% less than a year earlier) and expenditures AZN 35.846 million (6% more). The Bank did not pay profit tax. Since expenditures exceeded earnings, the operating loss reached AZN 948,000.