Nakhchivanbank ends Q2 on profit

Nakhchivanbank ends Q2 on profit
  • Clock-gray 12:26
  • calendar-gray 12 July 2018

In the second quarter of 2018, Azerbaijan-based Nakhchivanbank’s assets stood at AZN 191.813 million, up 24.23% from previous year.


Bank says the loan portfolio rose 5.04% to AZN 69.114 million, deposit portfolio increased by 1.6-fold to AZN 74.759 million, authorized capital remained unchanged at AZN 67.830 million, total capital made up AZN 74.700 million, incomes declined by 32.2% to AZN 4,805,570, and expenditures slipped 2.35-fold to AZN 1,827,930.


The bank ended the second quarter of 2018 on net profit of AZN 2,326,510.



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