18:03 - 17.04.2020

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April 17, Fineko/abc.az. The interest income of Ziraat Bank Azerbaycan in the first quarter of 2020 amounted to AZN 4.156 million and interest expenses AZN 1.309 million.

ABC.AZ reports that this is stated in the Bank's report for the 1st quarter. For the reporting quarter Bank’s non-interest income amounted to AZN 1.489 million and non-interest expenses AZN 2.1 million.

As a result, Ziraat Bank completed the quarter with operating profit of AZN 1.9 million. The Bank allocated these funds to create a special reserve to cover possible losses on assets in the amount of AZN 1.27 million. As a result, Bank's net profit amounted to AZN 612,000.