Baku. Vahab Rzayev – APA-Economics. Azerbaijan-based commercial banks posted the total pretax profit at AZN 80.01 million for January-February 2009, a twofold increase on the same period last year, said Central Bank of Azerbaijan.
With AZN 10.65 million worth of deductions for reserves included, the banks’ total profit made AZN 90.66 million, up 41.%% on the same period last year.
For this period, interest incomes reached AZN 171.89 million and interest expenses AZN 77.29 million while non-interest incomes stood at AZN 56.24 million and non-interest expenses AZN 60.06 million.
Net interest profit was AZN 71.92 million whereas non-interest loss was AZN 7.84 million.
*The USD exchange rate is AZN 0.8031 for April 14
Azerbaijan-based banks double net profit over two months
14 April 2009 15:12 (UTC +04:00)
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