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Azerbaijan-based banks’ net profit exceeds AZN 350M

Azerbaijan-based banks' total net profit as of September 1, 2017 amounted to AZN 350.3 million.

According to the Financial Markets Supervisory Authority (FIMSA), in August 2017, interest income of banks amounted to AZN 1,292,900,000 and interest expenses to AZN 634.2 million. The banks’ interest income on credits stood at AZN 946.9 million.

 

At the same time, during the reporting period, banks allocated AZN 196.8 million for special reserves.

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