Nakhchivan Bank’s new profit in three quarters nears AZN 6M

Azerbaijan-based Nakhchivan Bank OJS ended three quarters of 2021 with AZN 5.924 million in net profit, while this figure was AZN 6.728 million in the same period of 2020.

Report informs that the incomes rose 6.1% to AZN 13.162 million, expenditures went up 18.1% to AZN 4.576 million, allocations for special reserves dropped 5.8% to AZN 1.702 million, profit tax amounted to AZN 960,000.

Nakhchivan Bank, the only regional bank in the country, was established in 2008. Authorized capital is AZN 82.43 million.