Industrial Bank of Azerbaijan observes decline on some indicators


April 15, Fineko/abc.az. In the period from January to March 2021 the total operating profit of the Industrial Bank of Azerbaijan also decreased.

ABC.AZ informs that the decline was noted in the bank's report.

Thus, for the reported term bank's total operating income amounted to AZN 8.798 million and total operating expenses AZN 8.126 million.

From the operating profit, the bank allocated AZN 155,000 to the reserve and paid AZN 101,000 of profit tax.

For comparison, over Jan-Mar 2020 its total operating income totaled AZN 9.24 million and total operating expenses AZN 7.228 million.