Expressbank's net profit grew 65% and its deposit portfolio 19.5%
Expressbank has recorded growth in its assets, loan and deposit portfolios, as well as in its profitability indicators.
Expressbank OJSC has released its financial results for the third quarter of 2026. During the reporting period, the Bank's net profit rose by 65.09% to 9.9 million manat, its loan portfolio reached 592.4 million manat, and its deposit portfolio reached 372.2 million manat.
The Bank's assets increased by 8.81% compared with the end of last year, amounting to 725.4 million manat. The volume of loans issued to customers rose by 7.76% to 592.4 million manat. Higher growth was recorded in business loans: this portfolio expanded by 11.92%, approaching 223 million manat. The growth recorded in the loan portfolio is an indicator of Expressbank's flexible approach to its customers' financial needs and its support for their development initiatives.
Significant growth was also observed in the deposit portfolio. Thus, the total deposit portfolio increased by 19.51% to 372.2 million manat, while deposits of individuals grew by 27.04% to 330 million manat. The growth in individuals' deposits is one of the important indicators reflecting the trust customers place in Expressbank and their interest in the Bank's financial services. This dynamic is also significant in terms of developing the Bank's long-term relationships with its customers.
The Bank's profitability indicators also demonstrated positive dynamics. Compared with the corresponding period of last year, interest income rose by 15.75% to 70.2 million manat, while net interest income increased by 10.24% to 43.6 million manat. Operating profit grew by 21% to 18.5 million manat. As a result, the Bank's net profit rose by 65.09% to 9.9 million manat.
Growth was also recorded in indicators for investment and financial operations. The volume of trading and investment securities increased by 49.42% to 59.4 million manat. The volume of deposits placed with banks and other financial institutions grew by 53.60%, while the volume of loans issued to those institutions rose by 75.70%.
The results noted reflect the strengthening of customer confidence in Expressbank and the positive dynamics in its financial indicators. The Bank continues to support its customers as a reliable financial partner and to develop its customer-oriented services.
