The Baku branch of "Bank Melli Iran" announced the financial report for the first half of this year.

Referring to the report, "APA-Economics" informs that in January-June of this year, the bank's interest income was 1,735 million manats (1.8% more than the same period last year), interest expenses were 139,100 manats (13.6% less). , net interest amounted to 1,596 million manats (3.5% more).

Allocations of the bank for the creation of reserves on assets amounted to 98,871 thousand manats, income from foreign currency operations was 100,754 thousand manats, income from fees and commissions was 87,401 thousand manats, other income was 2,622 thousand manats, income from disposal of land, buildings and equipment was 7,306 thousand manats.

The expenses of the branch for revaluation of the foreign currency position were equal to 138,805 thousand manats, fees and commissions were equal to 70,880 thousand manats, and administrative expenses were equal to 877,754 thousand manats.

As a result, the Baku branch of "Bank Melli Iran" finished the first half of 2022 with a net profit of 805,721 thousand manats.

This is 1.4 times more than the same period last year.

Thus, in the same period of 2021, he announced a net profit of 575,159 thousand manats.

As of July 1, 2022, the Bank's total assets increased by 4.6% to 90,041 million manats, including loans to customers decreased by 1% to 9,728 million manats.

The total liabilities of the branch increased by 4% to 53,816 million manats, and the total capital increased by 2.3% to 36,224 million manats.