17:23 - 24.05.2023

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May 24, Fineko/abc.az. The operating profit of 17 out of the 25 banks operating in Azerbaijan in the 1st quarter of this year was higher versus Q1 of 2022.

ABC.AZ reports that among them are Unibank, Günay Bank, Bank Respublika, Xalq Bank, International Bank of Azerbaijan, Turan Bank, PAŞA Bank, Premium Bank, Zıraat Bank Azərbaycan, Naxçıvan Bank, Express Bank, Bank Avrasiya, Kapital Bank, Bank of Baku, Access Bank, Yapı Kredi Bank Azərbaycan, and the Baku branch of the National Bank of Iran. The highest dynamics was recorded on Access Bank (4.5-fold) and the lowest on Bank of Baku (6%).

Operating profit decreased at five banks – Rabitabank, Azerbaijan Industrial Bank, AFB Bank, Bank VTB Azərbaycan and Muğanbank. The largest decrease was recorded on Muğanbank (96.9%) and the smallest on Rabitəbank (12.8%).

Three banks - Azer-Türk Bank, Yelo Bank and Bank BTB, Bank VTB Azerbaijan, Premium Bank and Yelo Bank completed Jan-Mar 2022 with operating losses, and the 1st quarter of this year with operating profit. Therefore, it was not possible to calculate the dynamics of operating profit/ loss of these banks.