17:04 - 15.07.2026

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July 15, Fineko/abc.az. One of the leading banks in Azerbaijan, Xalq Bank OJSC, has released the financial results for the 1st half of 2026, demonstrating a sharp decline on most key indicators.

Over the first 6 months of this year, bank's net profit fell by 49.3% (almost twice) year-on-year, declining to 13.489 million manats. The drop in profitability was caused by a 5.4% decrease in operating income to 121.06 million manats, while operating expenses grew by 17.5% up to 99.728 million manats.

Other key indicators of the bank also showed a negative trend:

Assets: They dropped by 17.7% for Jan-Jun 2026, reaching 2.8 billion manats.

Credit portfolio: Net loans to customers decreased by 3.7%, dropping to 1.73 billion manats.

Liabilities and deposits: Bank's liabilities declined by 20.6% and the deposit portfolio by 7.3% to 1.7 billion manats.

Balance sheet capital: Despite an increase in the authorized capital by 7.5% up to 446.6 million manats, and the overall balance sheet capital decreased by 1.9% to 523.78 million manats.