Unibank's profit more than halved


July 28, Fineko/abc.az. Unibank completed the 1st half of this year with profit of AZN 3.915 million (57% or 2.3-fold times less against Jan-Jun 2020).

ABC.AZ reports that for Jan-Jun Unibank's earnings amounted to AZN 72.9 million (33.6% more than a year earlier), expenses AZN 60.942 million (29.4% more), deductions to special reserves AZN 8.063 million (saved a year ago). The Bank did not pay profit tax.

As of 1 July of this year Unibank's assets totaled AZN 892.935 million (24.9% more than a year ago). Of them, AZN 570.8 million are net loans given to customers. Over the past months of the year Bank's loan portfolio grew by 36.5%.

Over the reporting term Bank's liabilities grew by 28.1% up to 795.6 million, including the deposit portfolio by 40.8% up to AZN 619.09 million and the balance sheet capital by 3.9% up to AZN 97.3 million.