Xalq Bank announced financial results for its third quarter fiscal year 2023

According to the financial results of the third quarter fiscal year 2023, the assets of OJSC "Xalq" Bank, which ranks as one of the Top-3 privately owned banks of the country, increased by 14.9% compared to the end of the same period last year and reached 2,985.7 million manats, the volume of the loan portfolio increased by 17.6% and reached 1,886.0 million manats. As of the mentioned date, the volume of the deposits of Bank, excluding banks and other financial institutions, amounted to 2,141.7 million manats, which is 20.4% more compared to the indicators of the third quarter of 2022, i.e. 363.2 million manats.

By the end of the third quarter fiscal year 2023, the Bank's net profit amounted to 53.7 million manats. The bank's non-interest income increased by 41.5% compared to the same period of the last year, and interest income increased by 43.7%. The total capital of the Bank for the reporting period composed 502.5 million manats.

In accordance with the main financial indicators: assets, loan portfolio, volume of deposits excluding banks and other financial institutions, Xalq Bank has maintained its place as one of the top-3 privately owned banks of Azerbaijan.

The detailed information on products and services provided by Xalq Bank can be obtained from the branch networks of the Bank, the official website https://www.xalqbank.az/, 138 Information Centers, and various social networking sites.