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Azerbaijan's AccessBank discloses net profit for 2Q2022

Finance Materials 23 July 2022 15:06 (UTC +04:00)
Azerbaijan's AccessBank discloses net profit for 2Q2022
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, July 23. Azerbaijan's AccessBank completed the second quarter of 2022 with a net profit of 1.84 million manat ($1.08 million), Trend reports via the bank's financial report.

According to the report, the bank's net interest income amounted to 37.186 million manat ($21.8 million), formed of interest revenues of 64.055 million manat, or $37.68 million (growth of 36.33 percent year-on-year) and interest expenses of 26.869 million manat ($15.8 million).

AccessBank's non-interest income totaled 4.617 million manat, or $2.7 million (growth by 47.84 percent year-on-year), while its non-interest expenses reached 34.848 million manat ($20.5 million).

Targeted reserve deductions to ensure possible losses amounted to 5.115 million manat ($3.009 million).

Profit before tax and contingency related to banking activities made up 1.84 million manat ($1.08 million).

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