Bank BTB’s non-interest expenses lowered by 3%


October 22, Fineko/abc.az. Bank BTB’s non-interest income amounted to AZN 3.5 million for the 3rd quarter of 2021.

According to Bank's report, AZN 800,000 is a fee for servicing accounts. Compared with 2020, the fee for services almost halved (last year – AZN 1.64 million).

During this period Bank's non-interest expenses decreased by about 3% to AZN 10.8 million. The largest reduction in expenses accounted for administrative (this also includes wages) expenses. For the first 9 months Bank's administrative expenses amounted to AZN 7.8 million, and last year – AZN 10.8 million manats (a decrease of 27%).

As a result, for the 3rd quarter of 2021 the operating profit of Bank BTB reached only AZN 62,000 (more than 22-fold less versus the same term of 2020). Bank's operating profit for 2020 amounted to AZN 1.4 million.