Azerbaijani bank that completed Q3 with net profit of AZN 10 million

17:25 - 12.10.2023

October 12, Fineko/abc.az. Yapı Kredi Bank Azerbaycan CJSC announced financial results for Q3 of 2023.

ABC.AZ reports that compared with Q3 of 2022, bank's net profit increased sharply up to AZN 10 million.

The Bank managed to increase interest and non-interest income. Compared with Q3 of last year, interest income grew by 47.3% up to AZN 27.3 million, and non-interest income by 21.8% up to AZN 16.3 million. In general, net interest income increased by 50.3% versus Q3 of 2022 up to AZN 25.6 million.

The volume of the loan portfolio provided to customers grew by 8.6% compared with the end of last year up to AZN 257 million. Thus, consumer loans increased by 32.3% up to AZN 60 million, real estate loans by 35.5% up to AZN 30 million. Business loans in the 2nd quarter of this year amounted to AZN 167 million.