“Azer-Turk Bank” has announced its financial performance for the first half of 2022. The bank earned AZN 0.8 million of profit for 6 months.

This is up by 81.3% from the same period of the last year.

In the reviewed period “Azer-Turk Bank” earned interest income of AZN 14.3 million, interest expenses of AZN 9 million, non-interest income was AZN 4.5 million, non-interest expenses AZN 17.7 million, special provisions for overdue loans amounted to AZN 0.2 million.

From the beginning of July this year the assets of “Azer-Turk Bank” totaled AZN 599 million (78.6%) more than in early July last year, including net loan portfolio by 70.9% more – AZN 280 million. The bank’s liabilities amounted to AZN 540.4 million (93.8% up), including deposit portfolio – AZN 222.6 million (37.8% up), balance sheet capital – AZN 58.6 million (3.7% up), including authorized capital – AZN 50 million (no change).

Source: Turan News Agency