13:06 - 26.04.2022

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April 26, Fineko/abc.az. Yapı Kredi Bank Azerbaijan completed the first quarter of 2022 with profit, mainly increasing the business loans and non-interest income.

ABC.AZ reports that the bank finished the 1st quarter with net profit of AZN 400,000, increasing the percentage revenue by 36% against Jan-Mar 2021 to AZN 3.9 million.

In the 1st quarter of this year Yapı Kredi Bank Azerbaijan increased the total volume of loans to customers by 9% and the portfolio of business loans by 14%.

Thus, the loan portfolio provided to corporate clients grew by AN 37 million against Q1 of 2021 and by the end of March 2022 reached AZN 133 million, and the structure of this portfolio in economic spheres is dominated by the non-oil sector.