17:47 - 9.10.2026

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October 9, Fineko/abc.az. The net profit of the Baku branch of Bank Melli Iran for Jan-Sept 2026 decreased by 28.2% against the 2025 same term to 3.1 million manats.

A drop on interest income by 8.4%, to 3.9 million manats, and a rise on administrative expenses by 12%, to 1.4 million manats contributed to the decline in profit. At that, a 42% reduction in deductions to reserves helped mitigate the drop in profits.

The most noticeable changes have occurred in the branch's asset structure. Despite the reduction of overall assets by 6 million manats to 114.3 million manats, the volume of funds received from financial institutions fell by 54.6 million manats. At that, investments in government securities grew 3.5-fold, reaching 76 million manats, or 66.5% of branch's assets.

Branch's loan portfolio increased by 20.9%, but reached only 2.8 million manats, or 2.4% of overall assets.

Branch's liabilities dropped by 13.7% to 57.8 million manats, while its capital increased by 5.9% up to 56.5 million manats.

Due to profitable activities, the accumulated loss of previous years lowered from 20.3 million manats to 17.1 million manats.