Finance

Finance

Banks operate in loss in October, in Azerbaijan

06 December 2011 09:16 (UTC +04:00)

Note that, banksâ€™ profit in January-September made AZN 118.71 mln. Consequently, banks operated in loss in October.

Interest incomes were AZN 909.02 mln, interest expenses â€“ AZN 483.46 mln. Consequently, interest profit stood at AZN 425.55 mln. At the same time, banksâ€™ non-interest income made AZN 254.52 mln, non-interest expenses â€“ AZN 429.05 mln, therefore the loss on non-interest operations made AZN 174.54 mln.

As it seems, the growth rate of non-interest loss exceeded the growth of interest profit by 8 times. At the same time, interest profit upper 2.4 times than interest loss. Consequently, the the expenditures make 53% of incomes. Thus, the YTM in interest operations is equal to 47%. On the contrary, banksâ€™ operations in non-interest operations results negatively. As it seems, the expenses exceeded the incomes by 1.7 times. Totally, 41% of interest profit was directed to payment of non-interest loss, 31.5% - to special inventories on assets. The rest of profit made 27.5% of interest profit.