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Azerbaijan-based banks see 52% decline in net profit


Azerbaijan-based banks' total net profit in January-June 2017 amounted to AZN 84.9 million.

 

According to the Financial Markets Supervisory Authority (FIMSA), in January-June 2017, interest income of banks amounted to AZN 1,007,300,000 and interest expenses to AZN 482.7 million.

 

In June 2017, the total profit of banks declined by 52.4% or AZN 93.3 million compared to May. At the same time, during the reporting period, banks allocated AZN 408.9 million special reserves. 

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