16:07 - 27.10.2022

---

October 27, Fineko/abc.az. Bank Avrasiya completed Jan-Sept 2022 with net profit of AZN 1.91 million (versus net loss of AZN 2.798 million for Jan-Sept 2021).

As of 30 September 2022, Bank’s retained earnings amounted to AZN 21.1 million.

ABC.AZ reports that compared with Jan-Sept 2021, for the past 9 months of 2022 Bank Avrasiya's interest income grew by AZN 456,000 or 5.2% up to AZN 9.228 million and non-interest income by AZN 532,000 or 34.8% up to AZN 2.59 million.

Compared with Jan-Sept 2021, Bank Avrasiya's interest expenses increased by AZN 24,000 or by 1.7% up to AZN 1.408 million and non–interest expenses by AZN 771,000 or by 19% up to AZN 4.837 million.

Thus, operating expenses rose by AZN 795,000 in response to an increase in operating income by AZN 988,000. That is, 80% of the revenue growth was removed by the growth of expenses.

As a result, the remaining 20% of the shares led to an increase in operating profit by AZN 193,000.