Azerbaijan cbank net profit margin reaches 19%

Azerbaijan cbank net profit margin reaches 19%
# 12 May 2009 15:46 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. Azerbaijan-based commercial banks earned AZN 328.88 million in revenue and spent AZN 223.71 million in expenditure over the first quarter, said the Central Bank of Azerbaijan.

With AZN 106.17 million gross profit, after allocating AZN 24.12 million for assets the banks had AZN 81.05 million in pretax profit.

This indicates that commercial banks’ profit margin, calculated by finding the profit as a percentage of the revenue, was 24.6% and net profit margin reached 19.2%.

Besides, expenditure-income ratio made 68%. By practice, this ratio is not above 50-55% in Western bank systems and is below 40% in Japan and South-East Asia.
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