18:01 - 25.04.2023

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April 25, Fineko/abc.az. According to AFB Bank’s report for Q1 of 2023, bank's net profit increased by AZN 750,000 or by 40.47% up to AZN 2.6 million.

ABC.AZ informs with reference to ASB Bank's profit and loss report that bank's interests and expenses had negative impact on operating profit,

AFB Bank's interest income increased by AZN 11,000 up to AZN 4.255 million and interest expenses by AZN 397,000 up to AZN 958,000. Thus, bank's net interest income amounted to AZN 3.296 million (AZN 386,000 or 10.4% less against Q1 of 2022).

Non-interest income grew by AZN 451,000 up to AZN 2.39 million, and non-interest expenses by AZN 1.97 million up to AZN 4.699 million. Thus, bank's operating profit decreased by AZN 1.3 million or by 51% to AZN 989,000.