Baku, Azerbaijan, July 25
By Eldar Janashvili - Trend:
Azerbaijan’s BTB Bank completed the first half of 2019 with a net profit of 895,000 manats, while the first six months of the previous year were completed with a profit of 1,047,000 manats, Trend reports referring to the bank’s financial report. The bank’s profits have been reduced by 17 percent within a year.
According to the report, the net income was formed through interest income of 10,590,000 manats (a 20.4-percent growth over the year) and non-interest income of 2,888,000 manats (a 1.7-percent growth).
The interest expenses at the end of June 2019 amounted to 5,721,000 manats (a 10.1-percent growth), while non-interest expenses amounted to 6,987,000 manats (a 14.8-percent growth).
Operating profit decreased by more than twice over the year and amounted to 770,000 manats, compared to 354,000 manats for the same period last year.
(1USD = 1.7 AZN on July 25)