Baku. Vahab Rzayev – APA-Economics. Azerbaijan-based commercial banks posted the total pretax profit at AZN 38.18 million for 2009, down 2.2 times or AZN 42.7 mln from a year ago, said Central Bank of Azerbaijan.
With AZN 38.72 million worth of deductions for reserves included, the banks’ total profit made AZN 76.9 million, down 36.8% or AZN 28.1 million from year ago.
For this period, interest incomes reached AZN 248.65 million and interest expenses AZN 132.55 million while non-interest incomes stood at AZN 59.5 million and non-interest expenses AZN 98.47 million.
As a result, net interest profit was AZN 116.1 million and non-interest loss was AZN 38.97 million.
Azerbaijan-based banks see decline in profit in first quarter
04 May 2010 12:03 (UTC +04:00)
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