BAKU, Azerbaijan, July 25. Azerbaijan's Bank Respublika completed the second quarter of 2022 with a net profit of 12.51 million manat ($7.36 million), Trend reports citing the bank's financial report.
According to the report, the bank's net interest income amounted to 38.787 million manat ($6.1 million), formed of interest revenues of 62.406 million manat, or $36.7 million (growth of 58.58 percent) and interest expenses of 23.619 million manat ($13.9 million).
Bank Respublika's non-interest income totaled 17.45 million manat, or $10.28 million (growth of 71.07 percent), while its non-interest expenses reached 41.716 million manat ($24.57 million).
Profit before tax and contingency related to banking activities made up 16.01 million manat ($9.4 million), whereas income tax payments – 3.5 million manat ($2.06 million).
Thus, Bank Respublika unveiled a net profit of 12.51 million manat ($7.36 million) for the second quarter of 2022.