BAKU, Azerbaijan, October 26. Azerbaijan's AccessBank completed the third quarter of this year with a net profit in the amount of 5.2 million manat ($3.05 million), Trend reports citing AccessBank.
According to the report, the net interest profit of the bank in the reporting period equaled 59.1 million manat ($34.7 million). It was formed by interest income of 100.2 million manat or $58.9 million (growth of 37.87 percent over the year) and interest expenses of 41.1 million manat ($24.1 million).
Meanwhile, the bank’s non-interest income amounted to 8.5 million manat or $5 million (annual growth by 14.57 percent), and its non-interest expenditures reached 52.6 million manat ($30.9 million).
The deduction of the bank’s targeted reserves to ensure possible losses amounted to 9.7 million manat ($5.7 million)
The bank’s profit before payment of tax and unforeseen expenses related to banking activities settled at 5.2 million manat ($3.05 million).