BAKU, Azerbaijan, April 27. Azerbaijan's Unibank completed the first quarter of 2022 with a net profit of 4.2 million manat ($2.5 million), while the bank had a net loss of 4.1 million manat ($2.4 million) in the same period of 2022, Trend reports via the bank's financial report.
According to the report, Unibank's net interest profit amounted to 30.8 million manat ($18.1 million) and was formed due to interest income of 48.6 million manat or 28.5 million (an increase of 30.33 percent over the year) and interest expenses of 16.3 million manat ($9.5 million).
Unibank's non-interest income amounted to 26.1 million manat or $15.3 million (an increase of 146.34 percent over the year), and non-interest expenses reached 42.7 million manat ($25.1 million).
Provisioning to cover possible losses amounted to 9.9 million manat ($5.8 million).
Profit before taxes and unforeseen expenses related to banking activities amounted to 4.2 million manat ($2.5 million).
