BAKU, Azerbaijan, October 21. International Bank of Azerbaijan completed the third quarter of 2022 with a net profit of 209.9 million manat ($122.9 million), Trend reports citing the bank’s financial report.
According to the bank’s report, its net interest income amounted to 343.6 million manat ($202.1 million). Net interest income was formed by interest income of 402.7 million manat or $236.8 million (growth of 24.4 percent) and interest expenses of 59.1 million manat ($34.7 million).
The non-interest income of the International Bank of Azerbaijan amounted to 133.1 million manat or $78.2 million (growth of 3.16 percent). The bank’s non-interest expenditures reached 195 million manat or $114.7 million as of September 30, 2022.
Profit before tax and unforeseen expenses related to banking activities amounted to 249 million manat ($146.4 million), profit tax payments – 39.1 million manat ($23 million).
The International Bank of Azerbaijan completed the third quarter of 2022 with a net profit of 209.9 million manat ($123.4 million).