Int’l Bank of Azerbaijan has published a report for Jan-Sept 2021


October 26, Fineko/ Compared with Jan-Sept 2020, the interest expenses of the International Bank of Azerbaijan for the past months of 2021 decreased by AZN 7.5 million or 9.4% to AZN 68.316 million.

ABC.AZ informs that IBA’s non-interest expenditures grew by AZN 39.89 million or by 34.7% up to AZN 154.94 million.

Over Jan-Sept 2020 IBA's interest expenses amounted to AZN 75.368 million and non-interest expenses AZN 115.5 million.

For Jan-Sept of this year IBA's total operating expenses increased by AZN 32.836 million.

Thus, for the past months of 2021 Bank's total operating income reached AZN 452.85 million, total operating expenses AZN 223.256 million, operating profit AZN 229.595 million.

From the operating profit the Bank allocated AZN 7.976 million to the reserve created for possible losses, paid income tax in the amount of AZN 24.437 million and eventually completed the Jan-Sept term with net profit of AZN 197.18 million.