11:46 - 17.01.2024

---

January 17, Fineko/abc.az. Naxçıvanbank released its financial report for last year.

ABC.AZ reports that in 2022, the bank allocated AZN 633,000 of operating profit to a special reserve for compensation of possible losses on assets, paid AZN 3.439 million of income tax.

Thus, last year, bank’s operating expenses increased by AZN 2.978 million against an increase in operating income by AZN 982,000.

As a result, bank's operating profit decreased by AZN 1.996 million.

The finances allocated from the special reserve to cover possible losses on assets closed this reduction.