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Azerbaijan’s banking sector end Q1 on loss


As of April 1, 2018 banking sector’s loss stood at AZN 55.9 million.

 

According to Financial Markets Supervisory Authority (FIMSA), interest incomes made up AZN 428 million, interest expenditures – AZN 151.9 million.

 

The banks allocated AZN 197.5 million for creation of special reserve in order to cover the possible losses

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