BAKU, Azerbaijan, January 23. Yapi Kredi Bank Azerbaijan has completed 2022 with a net profit of 1.15 million manat ($676,494), Trend reports citing the bank's financial report.
According to the report, the bank's net interest income amounted to 24.078 million manat ($14.16 million), formed of interest revenues of 26.2 million manat, $15.4 million (growth of 17.96 percent) and interest expenses of 2.156 million manat ($1.26 million).
The non-interest income of the bank reached 18.89 million manat, $11.1 million (a rise of 31.33 percent), while non-interest expenses stood at 32.79 million manat ($19.28 million).
Appropriated reserves to ensure possible losses totaled 7.99 million manat ($4.7 million).
Profit before tax and contingency related to banking activities made up 2.18 million manat ($1.28 million), whereas income tax payments 1.03 million manat ($605,903).