15:42 - 27.04.2020

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April 27, Fineko/abc.az. Industrial Bank of Azerbaijan completed the 1st quarter of 2020 with net profit of AZN 2.236 million.

ABC.AZ reports with reference to the Bank's financial data that compared to the 1st quarter of 2019, the net profit of Industrial Bank of Azerbaijan lowered by 43.4%.

Thus, the Bank finished the 1st quarter of 2019 with net profit of AZN 3.207 million. As for other indicators, the Bank had assets totaling AZN 907.328 million as of 31 March 2020. The customer loans totaled AZN 27,000 of assets. Compared to the end of 2019, the Bank's assets have decreased. Thus, as of 31 December 2019, the total assets of Industrial Bank of Azerbaijan amounted to AZN 985.15 million and AZN 331.4 million of assets were loans to customers.