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Azeri bank system sees total loss drop by 39%

Azeri bank system sees total loss drop by 39%

02 October 2009 14:22 (UTC +04:00)

Baku. Vahab Rzayev â€“ APA-Economics. Azerbaijani bank systemâ€™s total profit (for 38 banks which made profit) reached AZN 195.67 million for January-August, up 16.5% or AZN 27.7 million from a year ago, said the Central Bank of Azerbaijan.

The total loss from 8 loss-making banks made AZN 8.98 million, down 39% or AZN 5.74 million from a year ago.

The remaining profit after loss deducted was AZN 186.69 million, up 21.8% or AZN 33.44 million on a year ago.

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