List of banks in Azerbaijan with reduced interest expenses


November 25, Fineko/ Interest expenses of seven out of the 26 banks operating in Azerbaijan for Jan-Sept 2022 were low compared with Jan-Sept 2021.

ABC.AZ reports that among them are PASHA Bank, Ziraat Bank Azerbaycan, International Bank of Azerbaijan, Azerbaijan Industrial Bank and Premium Bank, Baku branches of national banks of Iran and Pakistan.

The largest decrease was recorded on the Bank of Pakistan (100%) and the smallest on PASHA Bank (1.2%).

The remaining 19 banks increased their interest expenses. The highest dynamics was recorded on Bank VTB Azerbaijan (73.6%) and the lowest on Eurasian Bank (1.7%).