Azerbaijan’s banking system decreases profit sharply

Azerbaijan’s banking system decreases profit sharply
# 08 November 2010 13:03 (UTC +04:00)
CBA says the total profit with the special reserves on assets made AZN 241.82 mln, down AZN 68.87 mln or 24.7% compared with a year ago.

Interest rate made AZN 778.76 mln, interest expenditure – AZN 408.31 mln, net interest income - AZN 370.45 mln during the same period. At the same time the non-interest income stood at AZN 190.22 mln, non-interest expenditure – AZN 318.89 mln. Thus, the loss was AZN 128.67 mln.

Interest profit decreased by 14.5% compared with a year ago. Non-interest loss rose 15.3%.
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