International Bank of Azerbaijan reported a net profit of 139,592 million manats ($82 million) in 2021, 22 percent down from a year earlier.

Lenders reported a rise in total net profit by 16.9 percent year-on-year to 173.9 million manats ($63.4 million) in the first quarter of this year.

Georgia’s commercial banking sector reported a rise in net profit in amount of 413,486 million lari ($137.4 million) in the first quarter of this year compared with 411,807 million lari in the same period of 2021.

Russia is one of Kyrgyzstan's main trade partners and sanctions imposed by the West against Moscow would impact not only Russia, but the economies of its partners.

The holding's total equity declined to 2.25 billion manats as of January 1, 2022 from 2.6 billion manats a year earlier. Revenue rose to 1.7 billion manats from 1.6 billion manats.

The rate on access operations to provide liquidity was raised to 15 percent from 14.5 percent and the rate on access operations to withdraw liquidity - to 13 percent from 12.5 percent.

The bank reported a net profit of 139,592 million manats ($82 million) in 2021, 22 percent down from a year earlier.

The central bank said the annual inflation rate was expected to amount to around 12-14 percent by the end of the year, up from a previous projection of 8-9 percent.