12:54 - 16.01.2025

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January 16, Fineko/abc.az. The International Bank of Azerbaijan (ABB) has released its financial report for 2024.

ABC.AZ informs that ABB ended last year with net profit of 293.7 million manats (9% or 28.5 million manats less than in 2023). The Bank ended 2023 with net profit of 322.3 million manats.

ABB's interest income grew by 17.2% to 914.2 million manats, while interest expenses by 85% to 249.5 million manats.

The bank's non-interest income for this period reached 340.2 million manats (40.6% more than a year earlier), and non-interest expenses - 521.1 million manats (31.7% more than a year earlier).

Thus, bank's operating profit totaled 497.04 million manats (1% less than in 2023).

A slight decrease in operating profit against the background of a sharp increase in non-interest payments can be considered acceptable.