11:52 - 20.04.2020

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April 20, Fineko/abc.az. The Baku branch of Bank Melli Iran has released the financial indicators for the first quarter of 2020.

ABC.AZ reports that according to Iranian bank’s report, for the 1st quarter of this year the allocation of funds by the branch for creation of reserves for assets decreased by 57 times to AZN 160,365. Although for the 2019 same term the Bank allocated AZN 9.157 million. At the same time, in the 1st quarter of 2019 the branch's interest income amounted to AZN 699,790 and in the 1st quarter of 2020 – AZN 655,656. The commission revenue grew from AZN 37,665 up to AZN 46,925, while foreign exchange income decreased from AZN 202,165 to AZN 127,274.