BAKU, Azerbaijan, Oct.23
Azerbaijani Xalq Bank's income amounted to over 25.9 million manat ($15.2 million) in the first nine months of 2020, which is 5.7 percent more compared to the same period of 2019, Trend reports citing the bank's financial report.
As of October 1 of this year, the volume of loans issued by the bank to customers amounted to over 1.537 million manat ($904,117).
According to the report, customers' deposit funds placed in Xalq Bank during the reporting period reached 1.539 million manat ($905,294).
At the same time, net interest income amounted to 59.3 million manat ($34.8 million).
(1 USD = 1.7 manat on Oct. 23)