“Azerbaijan Industrial Bank” (AIB) has published financial indicators for the first half of 2022.

For 6 months, the bank received a net profit of 3 million manats. This is up by 2.7 times from the same period last year.

In the reviewed period, the AIB gained 12.1 million manats of interest income, 4.3 million manats of non-interest income, 5.3 million manats of interest expenses, 8.1 million manats of non-interest expenses, issued special reserves for overdue loans for 0.8 million manats, paid income tax for 0.8 million manats.

Since the beginning of July this year, the assets of AIB amounted to 14.7% less than at the beginning of July last year -737.9 million manats, including a net loan portfolio of 04% more – 250.9 million manats. The bank’s liabilities amounted to 629.8 million manats (17% less), including a deposit portfolio of 456.5 million manats (22.6% less), the balance sheet capital is 108.1 million manats (2.2% more), including the authorized capital – 60 million manats (unchanged).

Source: Turan News Agency