BAKU, Azerbaijan, October 19. Azerbaijani Kapital Bank completed the third quarter of 2022 with a net profit of 210.6 million manat ($123.8 million), Trend reports citing bank’s financial report.
According to the Kapital Bank, its net interest income was 383.9 million manat ($225.8 million) for the third quarter of 2022.
It was formed by interest income of 445.3 million manat or $261.9 million (growth of 28.1 percent) and interest expenses of 61.4 million manat ($36.1 million).
Bank’s non-interest incomes reached 287.4 million manat or $169 million (growth of 35.9 percent), while expenditures - 331.8 million manat ($195.1 million) as of September 30, 2022.
Profit before tax and unforeseen expenses related to banking activities amounted to 267.7 million manat ($157.4 million), profit tax payments - 57.1 million manat ($33.5 million).
Therefore, Kapital Bank completed the third quarter of 2022 with a net profit of 210.6 million manat ($123.8 million).