Baku: In the first nine months of this year, the profit of the Baku branch of Bank Melli Iran decreased by nearly 13%, APA-Economics reports. The branch’s net profit for January-September 2025 amounted to 4.38 million manat. This is 12.8%, or 645 thousand manat, less than the same period last year when it was 5.02 million manat.
According to Azeri-Press News Agency, during the nine months of the current year, the branch’s interest income amounted to 4.30 million manat, with no interest expenses recorded. This resulted in a 15.4% increase in the branch’s net interest income over the past year, bringing it to 4.30 million manat. The bank’s allocations to reserves on assets were 1.21 million manat, marking a 51% decrease compared to the same period last year, which was 2.47 million manat in 2024.
Additional income included 25.8 thousand manats from foreign exchange operations in 2025, and other income was registered at 3.8 thousand manats. Administrative expenses for the branch amounted to 1.26 million manats. The Central Bank’s decision to lift restrictions on some operations positively impacted the branch’s activities. As of September 30, 2025, the volume of loans granted by the bank to customers reached 2.23 million manats, indicating a 49% increase from the end of last year, which was 1.5 million manats.
On the same date, liabilities on customer accounts were 35.63 million manats, showing a slight increase of 0.1%. The total assets of the branch grew by 1.9%, reaching 121.33 million manats as of October 1, while its total capital increased by 8.9% to 53.32 million manats. Conversely, total liabilities saw a decrease of 2.7%, amounting to 68.01 million manat.