BAKU, Azerbaijan, January 24. Azerbaijan's Gunay Bank has finished the fourth quarter of 2022 with a net profit of 490,370 manat ($288,583), Trend reports citing the bank's financial report.
According to the report, the bank's net interest income amounted to 3.3 million manat ($1.9 million), formed of interest revenues of 14.84 million manat, $8.7 million (growth of 6.72 percent) and interest expenses of 11.5 million manat ($6.76 million).
The non-interest income of the bank reached 9.1 million manat, $5.35 million (a year-over-year rise of 20.57 percent), while non-interest expenses stood at 10.25 million manat ($6.03 million).
Appropriated reserves to ensure possible losses totaled 1.5 million manat ($882,753).
Profit before tax and contingency related to banking activities made up 677,170 manat ($398,516), whereas income tax payments settled at 186,800 manat ($109,932).
