BAKU, Azerbaijan, Oct.21
By Fidan Babayeva - Trend:
According to the results of 9M2020, the Azerbaijani Express Bank has reduced its net profit by 1.7 times, Trend reports referring to the bank's balance sheet.
Express Bank's net profit in January-September 2020 amounted to 7.426 million manat.
Express Bank also reduced total liabilities by 19.2 percent, which reached 182.585 million manat.
In the structure of liabilities, a significant share (61 percent) belongs to deposits, which amounts to 112.82 million manat. At the same time, the majority were deposits of individuals.
Liabilities to the CBA, credit organizations, and other financial institutions, compared with indicators at the end of 2019, amounted to 4.768 million manat. Other liabilities amounted to 9.725 million manat.
According to the report, the bank's share capital did not change on an annualized basis and amounted to 121.286 million manat.
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