BAKU, Azerbaijan, July 25. Azerbaijan's Premium Bank completed the second quarter of 2022 with a net profit of 78,000 manat ($45,930), Trend reports citing the bank's financial report.
According to the report, the bank's net interest income amounted to 10.368 million manat ($6.1 million), formed of interest revenues of 15.314 million manat, or $9.01 million and interest expenses of 4.9 million manat ($2.88 million).
Premium Bank's non-interest income totaled 7.51 million manat, or $4.4 million, while its non-interest expenses reached 12.47 million manat ($7.3 million).
Targeted reserve deductions to ensure possible losses amounted to 5.325 million manat ($3.13 million).
Profit before tax and contingency related to banking activities made up 78,000 manat ($45,930).