BAKU, Azerbaijan, July 20. Azerbaijani Rabitabank completed the second quarter of 2022 with a net profit of 5.1 million manat ($3 million), while this indicator in the same period last year amounted to 4.6 million manat ($2.7 million), Trend reports citing bank’s financial report.
Rabitabank’s annual profit increased by 10.1 percent.
According to Rabitabank, its net interest income was 22.7 million manat ($13.3 million) for the second quarter of this year. It was formed by interest income of 31.5 million manat or $18.5 million (growth of 22.4 percent) and interest expenses of 8.8 million manat ($5.1 million).
The non-interest income of Rabitabank amounted to 22.3 million manat or $13.1 million (annual growth of 70.4 percent).
The bank’s non-interest expenditures reached 34.7 million manat ($20.4 million) as of June 30, 2022.
Profit before tax and unforeseen expenses related to banking activities amounted to 5.1 million manat ($3 million).
Rabitabank completed the second quarter of 2022 with a net profit of 5.1 million manat ($3 million).
