16:27 - 19.10.2023

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October 19, Fineko/abc.az. Bank of Baku has published a report for the 3rd quarter of 2023.

ABC.AZ reports that at the beginning of this year the deposits of legal entities in the bank amounted to AZN 35.513 million, and at the end of Q3 this figure decreased by AZN 7.218 million to AZN 28.295 million.

Bank’s report shows that BoB liabilities to credit institutions and other financial institutions grew from AZN 123.669 million to AZN 137.698 million in 9 months (a rise of AZN 14.029 million).

Bank’s authorized capital remained unchanged – AZN 52.87 million.
BoB interest income totaled AZN 94.116 million, and interest expenses – AZN 29.339 million.
Bank of Baku has created target reserves for AZN 62.928 million for possible losses.
The bank's net profit for the period increased to AZN 24.371 million.
The total capital of BoB reached AZN 139.768 million. Under CBA Board’s decision, the total capital of existing banks should be at least AZN 50 million.