BAKU, Azerbaijan, July 19. Azerbaijani Kapital Bank completed the second quarter of 2022 with a net profit of 127.07 million manat ($74.7 million), Trend reports citing bank’s financial report.
According to the Kapital Bank, its net interest income was 251.1 million manat ($147.7 million) for the second quarter of 2022.
It was formed by interest income of 291.3 million manat or $171.3 million (growth of 28.4 percent) and interest expenses of 40.1 million manat ($23.5 million).
Kapital Bank earned 189.04 million manat or $111.2 million (37.99 percent year-over-year growth).
Bank’s non-interest expenditures reached 215.9 million manat ($127 million) as of June 30, 2022.
Profit before tax and unforeseen expenses related to banking activities amounted to 163.4 million manat ($96.1 million), profit tax payments - 36.4 million manat ($21.4 million).
Therefore, Kapital Bank completed the second quarter of 2022 with a net profit of 127.07 million manat ($74.4 million).