BAKU, Azerbaijan, July 26. Azerbaijan's Unibank completed the second quarter of 2022 with a net profit of 790,000 manat ($465,400), Trend reports citing the bank's financial report.
According to the report, the bank's net interest income amounted to 49.036 million manat ($28.88 million), formed of interest revenues of 75.487 million manat, or $44.47 million (growth of 37.97 percent) and interest expenses of 26.451 million manat ($15.58 million).
Unibank's non-interest income totaled 24.256 million manat, or $14.28 million (growth of 33.21 percent), while its non-interest expenses reached 64.28 million manat ($37.8 million).
Targeted reserve deductions to ensure possible losses amounted to 8.217 million manat ($4.8 million).
Profit before tax and contingency related to banking activities made up 790,000 manat ($465,400).