"Bank BTB" OJSC announced the financial report for the second quarter of 2022.

"APA-Economics" reports that the bank ended this period with a net loss.

Thus, the bank's interest income was 12,997 million manats (5.8% more than the same period of 2021), interest expenses were 8,035 million manats (7% more), and net interest income was 4,962 million manats (4.2% more). .

The bank's non-interest income increased by 3.5% to 2,704 million manats, non-interest expenses increased by 1.3% to 7,592 million manats, and operating profit was equal to 74,000 manats.

"Bank BTB" reduced allocations to special reserves created for possible losses by 5,348 million manats, the bank did not pay profit tax.

As a result, the bank ended the second quarter of this year with a net loss of 5,274 million manats.

In the same period last year, the bank announced a net profit of 538 thousand manats.

As of July 1 of this year, the total assets of the Bank decreased by 0.2% and amounted to 354,384 million manats.

The bank's total liabilities increased by 1.3% to 304,629 million manats, while its total capital decreased by 9.3% to 49,755 million manats.