BAKU, Azerbaijan, October 24. Azerbaijan's Bank Avrasiya completed the third quarter of 2022 with a net profit of 1.09 million manat ($641,176), Trend reports citing the bank's financial report.
According to Bank Avrasiya, its net interest income in the third quarter of 2022 amounted to 7.81 million manat ($4.5 million). It was formed at the expense of interest income of 9.2 million manat or $5.4 million (an increase of 5.2 percent over the year) and interest expenses of 1.4 million manat or $823,529 (a decrease of 15.89 percent over the year).
Non-interest income of Bank Avrasiya amounted to 2.05 million manat or $1.2 million (an increase of 34.86 percent over the year). Non-interest expenses of the bank reached 4.8 million manat or $2.8 million as of September 30, 2022 (an increase of 18.95 percent over the year).
Profit before taxes and contingencies related to banking activities amounted to 1.09 million manat ($641,176).