Open Joint-Stock Company Azerbaijan Industrial Bank has reported its results for January-September 2026: net profit reached 5.427 million manats. According to the bank's financial statements, cited by FinFly, this is 5.3% higher than the same period last year.
Over the nine months, the credit institution's income amounted to 48.051 million manats, up 19% year-on-year. Expenses rose 23.6% to 41.254 million manats. Contributions to special reserves totaled 87,000 manats, whereas a reserve was created a year earlier. Profit tax payments reached 1.457 million manats, 12.5% more than in the same period of 2025.
As of October 1 this year, Azerbaijan Industrial Bank's assets stood at 855.547 million manats, up 7%. Of this amount, 389.309 million manats are net loans issued to clients. Over the past year, the bank's loan portfolio grew by 31.3%.
During the reporting period, the bank's liabilities increased by 7.3% to 721.836 million manats. In particular, the deposit portfolio rose by 7.8% to 511.415 million manats, while own balance sheet capital grew by 5.6% to 133.711 million manats.