11:43 - 11.04.2023

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April 11, Fineko/abc.az. The Baku branch of the National Bank of Iran, the only bank with Iranian capital operating in Azerbaijan, has announced the results of the 1st quarter of 2023.

ABC.AZ reports that according to the bank, the interest income of the Bank of Iran for the reporting period amounted to AZN 798,000, and interest expenses - only AZN 19,000.

In addition, the bank received AZN 113,000 of income from foreign exchange transactions, and AZN 140,000 were returned from asset impairment reserves.

The bank's administrative expenses for this period amounted to AZN 497,000.

As a result, the bank completed the 1st quarter with net profit of AZN 621,000.