BAKU, Azerbaijan, October 26. Ziraat Bank Azerbaijan completed the third quarter of 2022 with a net profit of 6.18 million manat ($3.64 million), Trend reports on October 26 via the bank’s financial report.
According to the report, its net interest income for the reporting period was 15.19 million manat ($8.94 million). It was formed by interest income of 20.25 million manat or $11.9 million (growth of 29.65 percent) minus the interest expenses of 5.05 million manat ($2.97 million).
Meanwhile, Ziraat Bank Azerbaijan’s non-interest income amounted to 9.3 million manat or $5.4 million (annual growth of 84.37 percent).
The bank’s non-interest expenditures reached 11.86 million manat ($6.98 million) as of September 30, 2022.
Profit of Ziraat Bank Azerbaijan before tax and contingencies related to the banking activities made up 7.16 million manat ($7.3 million), and profit tax payments – 989,000 manat ($581,760).