BAKU, Azerbaijan, October 25. Yapi Kredi Bank Azerbaijan has completed the third quarter of 2022 with a net profit of 391,510 manat ($230,018), Trend reports citing the bank's financial report.
According to the report, the bank's net interest income amounted to 17.019 million manat ($9.99 million), formed of interest revenues of 18.5 million manat, $10.8 million (growth of 9.48 percent) and interest expenses of 1.5 million manat ($881,108).
As of September 30, 2022, the non-interest income of the bank reached 13.393 million manat, $7.86 million (a rise of 33.92 percent), while non-interest expenses stood at 22.781 million manat ($13.38 million).
Appropriated reserves to ensure possible losses totaled 6.755 million manat ($3.9 million).
Profit before tax and contingency related to banking activities made up 875,780 manat ($514,428), whereas income tax payments 484,270 manat ($284,457).
