“Premiumbank” has published financial indices for the first half of 2022.

Over the 6 months, the bankgained a profit of 0.1 million manats.

This is down by nearly 105 times from the same period of the last year.

In the reporting period, “Premiumbank” received interest income in the amount of 15.3 million manats, non-interest income in the amount of 7.5 million manats, interest expense in the amount of 4.9 million manats, non-interest expense in the amount of 12.5 million manats, special reserves for overdue loans amounting to 5.3 million manats.

At the beginning of July this year, “Premiumbank”s assets amounted to 2.5% more than at the beginning of July last year – 682.6 million manats, including a net loan portfolio of 8% less-478.2 million manats. The bank’s liabilities amounted to 503.7 million manats (5.4% more), including a deposit portfolio of 456.5 million manats (4.2% more), and the balance sheet capital – 178.9 million manats (5% more), including the authorized capital-154.6 million manats (unchanged).

Source: Turan News Agency