Premium Bank's earnings and loan portfolio decreased


July 27, Fineko/abc.az. Premium Bank completed the 1st half of this year with profit of AZN 8.225 million (8.2% more versus 1st half of 2020).

ABC.AZ reports that over Jan-Jun Bank's revenues amounted to AZN 22.87 million (9.2% less year-on-year) and expenditures AZN 22.38 million (1.4% less). The Bank did not pay profit tax.

As of 1 July of this year Premium Bank's assets amounted to AZN 666.9 million (2% more than at the end of last year), including the loans given to customers for AZN 524.48 million. Over the first 6 months Bank's loan portfolio decreased by 8%.

Bank's liabilities increased by 1% up to AZN 477.7 million, and its capital grew by 4.4% up to AZN 188.365 million