Air Bank's cost to income ratio reached 58.3% in the fourth quarter of 2017, down from 99.6% 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 1.64% in 4Q2017, up from 1.54% in the previous quarter.
Staff accounted for 35.9% of total operating expenditures in the fourth quarter of 2017. The bank operated a network of 35.0 branches and employed 749 persons in 4Q2017.