Bank of Baku earned 164 million 93 thousand manats in interest income in January-September 2026, up 34 million 899 thousand manats, or 27%, from the same period a year earlier.
According to financial statements released by Bank of Baku, the bulk of its interest income came from loans issued to customers. Revenue from this source grew from 121 million 976 thousand manats to 150 million 484 thousand manats.
At the same time, the bank’s interest expenses rose sharply. Over the reporting period, these costs climbed from 51 million 44 thousand manats to 73 million 427 thousand manats, an increase of 43.8%.
The main driver behind this rise was interest paid out on deposits. Such payments increased from 48 million 168 thousand manats to 67 million 854 thousand manats.
As a result of these changes in income and expenses, the bank’s net interest income also continued to climb. The figure rose from 78 million 149 thousand manats to 90 million 809 thousand manats, a gain of 16.2%.
