13:05 - 27.10.2022

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October 27, Fineko/abc.az. BTB Bank has published a report on the results of the 3rd quarter of 2022.

ABC.AZ reports that as of the end of Q3, the bank allocated AZN 5.87 million to cover possible losses on assets.

As a result, the bank ended the reported term with net loss of AZN 5.714 million.

The bank completed the 2nd quarter with a loss of AZN 5.2 million, for the 3rd quarter this loss increased even more. During the same period of 2021, the bank received AZN 1.17 million of net profit.

By the end of Q3, the assets of BTB Bank amounted to AZN 361.4 million. Bank's loan portfolio reached AZN 239 million and fixed assets AZN 70.2 million.

At the end of the reporting period, the bank's cash amounted to AZN 9.6 million.