Premium Bank’s assets down

Premium Bank’s assets down
  • Clock-gray 14:36
  • calendar-gray 18 October 2019

Premium Bank OJSC published its financial statements for the third quarter of this year, the Bank told APA.
As of September 30 of this year, the total assets of Premium Bank amounted to 576.387 million manat, which recorded a decrease of 11.2% compared to the second quarter of 2019, APA-Economics reports citing to the bank’s report. The total liabilities of the bank dropped by 14.8% compared to the previous quarter and amounted to 445.958 million manat. The bank’s net profit rose by 41.1% and reached 11.082 million manat.
Premium Bank finished the last quarter with a net interest profit of 12.168 million manat which recorded a growth of 69.1% in July-September of the current year. In addition, non-interest income of the bank also increased by 57.1% in comparison to the previous quarter.

Faiq Mahmudov

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