BAKU, Azerbaijan, July 25. Net loss of Azerbaijani Bank BTB amounted to 5.2 million manat ($3.05 million) in 2Q2022, Trend reports citing bank's financial report.
According to report, Bank BTB's net interest income amounted to 4.9 million manat ($2.8 million) and was formed at the expense of interest income of 12.9 million manat or $7.5 million (an increase of 5.8 percent over the year) and interest expenses of 8.03 million manat ($4.7 million).
Non-interest income of Bank BTB amounted to 2.7 million manat ($1.5 million).
Bank’s non-interest expenses reached 7.5 million manat ($4.4 million).
Deduction of target reserves to ensure possible losses amounted to 5.3 million manat ($3.1 million).