BAKU, Azerbaijan, Jan. 25
By Nazrin Israfilova – Trend:
Azerbaijan’s Azer Turk Bank completed 2021 year with the net profit worth 546,000 manat ($321.3), which is 30 percent more than in 2020, Trend reports citing the bank’s financial report.
During this period, Azer Turk Bank’s gain was formed at the cost of income in the amount of 35.8 million manat ($21 million), an increase of 15 percent over the 2020 result.
The bank's expenses increased in 2021 and totaled 35.2 million manat ($20.7 million).
Azer Turk Bank’s profit before taxes and unforeseen expenses related to banking activities reached 546,000 manat ($321.3) in 2021.