12:10 - 22.07.2020

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July 22, Fineko/abc.az. Industrial Bank of Azerbaijan (ASB) has published a report on the results of the past 6 months of 2020.

ABC.AZ reports that for the specified term the Bank withdrew AZN 806,000 from special reserves created to compensate for losses on assets.

As a result, Bank's profit before taxation amounted to AZN 4.198 million. After paying the profit tax of AZN 830,000, Bank's net profit for the 1st half of the year decreased by 34.6% to AZN 3.368 million.

For comparison, the Bank completed the 1st half of 2019 with net profit of AZN 5.152 million.