Yapi Kredi Bank Azerbaijan ends Q2 on profit

# 10:04
20 July 2017

Yapi Kredi Bank Azerbaijan’s net profit in the second quarter amounted to AZN 3.2 million, Chairman of Yapi Kredi Bank Azerbaijan's Board of Directors Cenk Yuksel said.


According to him, bank’s net interest incomes increased 12% to AZN 11.8 million: “Net operating profit soared 8.2% to AZN 8.4 million”.


“Bank’s deposit portfolio grew 107% to AZN 379.3 million. Of this, AZN 34.6 million made up individuals’ demand deposits, AZN 266.6 million – legal entities’ demand deposits, AZN 78 million - term deposits of individuals and legal entities”, he added.


Yapi Kredi Bank Azerbaijan has been in operation since 2000.