"Nakhchivanbank" announced its financial statements for the first quarter of 2023.

"APA-Economics" reports with reference to the bank's financial reports that "Nakhchivanbank" made a net profit of 5 million 56 thousand manats in the first 3 months of the current year.

This indicator is 44.1% or 1 million 548 thousand manat more than the first 3 months of last year.

During the reporting period, the bank's net interest income increased by 34.8% to 5 million 592 thousand manats, and operating profit increased by 19.2% to 4 million 331 thousand manats.

During this period, the loan portfolio of "Nakhchivanbank" grew.

Thus, the bank's deposit portfolio increased by 11.2% compared to the corresponding period of last year and reached 173 million 670 thousand manats.

In the first quarter of the current year, the bank's deposit portfolio amounted to 112 million 447 thousand manats.

Deposits of natural persons equaled 6 million 798 thousand manats, and deposits of legal entities equaled 105 million 648 thousand manats.

During the reporting period, the assets of "Nakhchivanbank" amounted to 313 million 869 thousand manats, and the total liabilities amounted to 196 million 853 thousand manats.

The total capital of the bank has increased by more than 15 million manats.

So, as of April 1, 2023, the total capital of the bank was equal to 117 million 16 thousand manats, which is 15.6% or 15 million 802 thousand manats more than the previous year.