BAKU, Azerbaijan, Oct. 21
By Fidan Babayeva - Trend:
Net income of Azerbaijani ASB Bank OJSC decreased to 5.13 million manat ($3 million) from January through September 2020, Trend reports citing the financial report of the bank.
According to the report, the bank's profit decreased by 22.8 percent over the year.
At the same time, the interest income of the bank amounted to 12.6 million manat ($7.4 million), and non-interest income - 4.08 million manat ($2.04 million).
Interest expenses as of late September 2020 made up 12.6 million manat($7.4 million), while non-interest expenses – 11 million manat ($6.4 million).
The operating profit of the ASB Bank in the first eight months of 2020 amounted to 5.58 million manat ($3.28 million).
(1 USD = 1.7 manat on Oct. 21)
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