15:59 - 5.05.2023

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May 5, Fineko/abc.az. In the 1st quarter of 2023, Bank Avrasiya's total operating expenses (interest and non-interest expenses) amounted to AZN 2.58 million, operating profit - AZN 2.7 million, as revenues exceeded expenses. The Bank allocated target reserves for possible losses from operating profit in the amount of AZN 452,000.

ABC.AZ reports that in 2021, bank’s operating profit totaled AZN 1.355 million, and AZN 591,000 were allocated to reserves.

Bank Avrasiya's loan portfolio (loans to customers) grew by AZN 3.99 million or 3.2% in the first quarter and reached AZN 129.343 million on March 31, 2023.

The total assets of Bank Avrasiya in the 1st quarter decreased by AZN 4.374 million to AZN 219.89 million, and the deposit portfolio by AZN 5.627 million to AZN 74.7 million.

As of March 31, 2023, bank’s total capital reached AZN 74.519 million.