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IBA has published a report - net profit increased

29.07.2021,12:57


July 29, Fineko/abc.az. The International Bank of Azerbaijan, the largest bank of Azerbaijan on some indicators, including the volume of assets, completed the 1st half of 2021 (Jan-Jun) with net profit of AZN 148.15 million.

ABC.AZ reports that while the IBA completed the same period of 2020 with net profit of AZN 118.479 million. Thus, in comparison with the 1st half of 2020 IBA's net profit for the 1st half of 2021 increased by AZN 29.67 million, or by 25%.

The IBA completed the 1st quarter of 2021 (Jan-Mar) with net profit of AZN 32.395 million.

Bank's financial statements say that IBA's interest income in the 1st half of 2021 grew by AZN 13.204 million, or 6.5%, reaching AZN 215.429 million, and non-interest income by AZN 38.924 million, or 77.2%, reaching AZN 99.3 million, compared with the 1st half of 2020. In the 1st half of 2020 Bank's interest income reached AZN 202.225 million and non-interest income AZN 60.407 million.