BAKU, Azerbaijan, October 24. Azerbaijan’s Nakhchivanbank completed the third quarter of 2022 with a net profit of 12.4 million manat ($7.3 million), Trend reports on October 24 citing the bank’s financial report.
According to the bank’s report, its net interest income for the reporting period was 14.1 million manat ($8.3 million). It was formed by interest income of 14.89 million manat or $8.76 million and interest expenses of 776,550 manat ($456,790).
Meanwhile, Nakhchivanbank’s non-interest income amounted to 4.4 million manat or $2.6 million (annual growth of 31.8 percent).
The bank’s non-interest expenditures reached 5.6 million manat ($3.3 million) as of October 1, 2022.
Profit of Nakhchivanbank before payment of tax and contingencies equaled 12.4 million manat ($7.3 million).