Bank Of Baku

Azerbaijan-based banks see 17% growth in profit

Azerbaijan-based banks see 17% growth in profit
# 15 November 2011 10:38 (UTC +04:00)
Net profit stood at AZN 110.6 mln, CBA’s Financial Stability Review for January-September reported.

Structure of banks’ income and expenditures:

(mln. AZN)

 

January-September, 2010

January-September, 2011

Dynamics, %

Interest incomes

778.8

814.1

+4.5

Interest expenditures

408.0

431.5

+5.8

Non-interest incomes

190.2

226.7

+19.2

Non-interest expenditures

318.9

375.0

+17.6

Net profit 

94.7

110.6

+16.8



Interest incomes on the banks’ loans given to clients rose 8.4% to AZN 794.4 mln. Incomes from other operations (interbanks demands, investments and financial leasing) decreased by 26.1% and remained stable at 0.6% compared to assets.

Banks’ non-interest incomes rose 19.2% to AZN 226.7 mln. Banks’ totally incomes made AZN 1,040.8 mln, up 7.4% from a year earlier.

As at end of accounting period, interest expenditures soared 5.7% to AZN 431.5 mln. Interest expenditures/ assets decreased from 4.6% to 4.4%. Non-interest expenditures increased by 17.6% and as of October 1, made AZN 375 mln. Banks’ total expenditures surged 10.9% to AZN 806.5 mln.

Banks’ assets ROA made 1.1%, ROE – 8.3%.
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