BAKU, Azerbaijan, April 26. Azerbaijan's Bank Eurasia OJSC has completed the first quarter of 2022 with a net profit of 763,400 manat ($449,327), while this figure amounted to 350,590 manat ($206,353) in the same period of 2021, Trend reports citing the bank's financial report.
Thus, the revenues of Bank Eurasia increased by 117.77 percent over the year.
According to the report, the bank's net gain from interest totaled 2.509 million manat ($1.47 million). It was formed by interest income worth 2.9 million manat, or $1.7 million (growth by 1.98 percent over the year) and interest expenses of 455,890 manat, or $268,335 (an increase of 1.97 percent over the year).
Bank Eurasia's non-interest income reached 600,730 manat, or $353,588 (an increase of 46.38 percent over the year). As of March 31, 2022, non-interest expenses of the bank made up 1.4 million manat, or $824,030 (an increase of 20.43 percent over the year).
