A bank with loan portfolio exceeding 1.2% - Report

12:31 - 15.04.2026


April 15, Fineko/abc.az. Xalq Bank OJSC finished the 1st quarter of this year with net profit of 9.39 million manats (20.8% less versus Q1 of 2025), ABC.AZ informs with reference to bank's financial statements.

Over Jan-Mar 2026, Xalq Bank's revenues amounted to 61.124 million manats (3.6% more than a year ago), expenses - 48.326 million manats (26.1% more), savings on allocations to special reserves - 114,000 manats (1 year ago the bank created a reserve), and income tax payments - 3.522 million manats (23.6% less).

As of April 1, 2026, Xalq Bank's assets totaled 3.2 billion manats (0.8% less than a year ago). Of them, 1.77 billion manats were net loans given to customers. In the 1st quarter, bank's loan portfolio lowered by 1.2%.

Xalq Bank's liabilities decreased by 2.2% to 2.47 billion manats.

By Elmir Muradov