Four banks in Azerbaijan increased interest expenses


November 25, Fineko/ Interest expenses of four banks for the first 9 months exceeded AZN 40 million.

ABC.AZ reports that four out of 26 banks operating in Azerbaijan for Jan-Sept 2022 had interest expenses of more than AZN 40 million.

Among them are Kapital Bank (AZN 61.405 million) and International Bank of Azerbaijan (AZN 59.1 million), Access Bank (AZN 41.107 million) and Unibank (AZN 40.9 million).

In nine of the remaining 22 banks, interest expenses ranged from AZN 10 million to AZN 40 million, and in 13 banks less than AZN 10 million.