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Ziraat Bank Azerbaijan keeps growing

26 October 2022 12:28 (UTC +04:00)

Ziraat Bank Azerbaijan released its financial report fro the 3rd quarter of 2022, APA-Economics reports.

Net profit of the bank during the 9 months increased by more than 58 percent compared the relevant period of the previous year and exceeded AZN 6 mln.

According to the financial reports, the total assets of the bank increased by 12,3 percent over the reported period and reached AZN 436 mln. And total bank capital exceeded AZN 104 mln increasing by 27 percent since the end of the previous year.

The indicators of the reports for the III Q prove that the bank keeps gaining both legal and physical persons’ trust. According to the indicators, about 34 percent increase is observed in the term deposit portfolios of legal and physical persons. There is an increase in the bank’s credit portfolio during the III Q too. So that the credit portfolio neared AZN 300 mln increasing by 29,7 percent since the end of the previous year.

Note that, the main part of the increased portfolio is made up of business credits.

Both in interest and non-interest incomes of the Ziraat Bank Azerbaijan have substantially increased compared to the relevant period of the previous year. In interest incomes exceeded AZN 15 mln increasing by 50,72 % and the non-interest incomes exceeded AZN 9 mln increasing by 84, 37 percent compared to the relevant period of the previous year.