Net profit of Azerbaijani Bank of Baku increases 16 percent in June
Azerbaijan, Baku, July 18 / Trend N. Ismayilova /
Net profit of Azerbaijani Bank of Baku increased 16.4 percent in June and hit 4.12 million manat as of July 1, the bank said. As a result of the first six months, profit of the bank hit 18.52 million manat.
Assets of the bank reduced 1.2 percent in June and hit 168.3 million manat.
Deposit portfolio of the bank reduced 1.4 percent for accounting period and hit 123.6 million manat. Roughly 62.99 million manat hit deposits of physical entities but 57.5 million manat - deposits of legal entities.
Loan portfolio of the bank increased 2.2 percent and hit 128.9 million manat in June. As of May, this index hit 126.15 million manat.
As of July 1, joint capital of the bank hit 30.9 million manat compared to 30.07 million manat as of June 1. Authorized capital of the bank hits 6.8 million manat.
On July 18, the official exchange rate is 0.8041 manat to $1.
Do you have any feedback? Contact our journalist at [email protected]