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).