Bank BTB started the year with loss

16:44 - 18.04.2022

April 18, Fineko/abc.az. Bank BTB started 2022 with loss.

ABC.AZ informs that according to Bank's report for Q1 of 2022, Bank's interest income for Jan-Mar amounted to AZN 6.859 million and interest expenses AZN 4.6 million.

Bank's interest income grew by 12.4% and interest expenses by 10.2% against Q1 of 2021. As a result, net interest income in the 1st quarter amounted to AZN 2.85 million.

In the 1st quarter the non-interest income of Bank BTB halved to AZN 1.56 million. This figure exceeded AZN 2 million for Jan-Mar 2021.

And the bank's non–interest expenses decreased by 10.5% to AZN 4.2 million - last year there were AZN 4.47 million.

Bank's fees and commission expenses (that is, the bank's expenses) increased by 77% from AZN 1.178 million last year to AZN 2.89 million.