BAKU, Azerbaijan, April 11. The net profit of the Baku branch of Bank Melli İran in 1Q2022 amounted to 268,000 manat ($157,600), Trend reports with reference to the bank.
According to the data confirmed by the audit report, interest income of the Baku branch of Bank Melli Iran amounted to 913,000 manat ($537,000), fees and commission income – 29,700 manat ($17,470), income from foreign exchange transactions – 39,800 manat ($23,400).
Interest expenses of bank’s Baku branch amounted to 78,100 manat ($46,000) for 1Q2022, fees and commission expenses – 57,900 manat ($34,000), administrative expenses – 443,000 manat ($260,600), deductions for the creation of reserves for assets – 106,700 manat ($62,700), expenses on revaluation of the currency position – 29,900 manat ($17,600).
The profit of Bank Melli İran’s Baku branch amounted to 268,000 manat ($157,700) before taxes in 1Q2022.