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Azeri bank system sees total profit spiked by 34%

Azeri bank system sees total profit spiked by 34%

14 September 2009 16:42 (UTC +04:00)

Baku. Vahab Rzayev â€“ APA-Economics. Azerbaijani bank systemâ€™s total profit (for 39 banks which made profit) reached AZN 171.01 million for January-July, up 26.2% or AZN 35.47 million from a year ago, said the Central Bank of Azerbaijan.

The total loss from 7 loss-making banks made AZN 8.91 million, down 40.4% or AZN 6.05 million from a year ago.
The remaining profit after loss deducted was AZN 162.1 million, up 34.4% or AZN 41.52 million on a year ago.

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