Air Bank's cost to income ratio reached 47.6% in the first quarter of 2017, down from 69.1% when compared to the previous quarter.
Historically, the bank’s costs reached an all time high of 162% of income in 2Q2013 and an all time low of 46.1% in 3Q2016.
When compared to total assets, bank's cost amounted to 1.42% in 1Q2017, down from 1.70% in the previous quarter.
Staff accounted for 38.4% of total operating expenditures in the first quarter of 2017. The bank operated a network of 34.0 branches and employed 708 persons in 1Q2017.