Net profit of Bank VTB (Azerbaijan) lowered by 10% in 2024

15:43 - 15.01.2025


January 15, Fineko/abc.az. Bank VTB (Azerbaijan) has released its financial statements for 2024.

ABC.AZ informs with reference to the bank that the net profit of Bank VTB (Azerbaijan) in 2024 declined by 10% versus 2023 to 9.538 million manats.

In 2023, the bank received 10.608 million manats of net profit.

Bank's interest income grew by 21% up to 32.612 million manats, while interest expenses by 24.2% up to 8.483 million manats.

During this period, bank's non-interest income totaled 14.79 million manats (84.3% more than year-on-year), and non-interest expenses - 29.845 million manats (27.8% more than year-on-year).