Azerbaijan’s banking sector end Q1 on loss

 Azerbaijan’s banking sector end Q1 on loss
# 04 May 2018 15:31 (UTC +04:00)

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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