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Azerbaijan-based banks operate in profit in January

Azerbaijan-based banks operate in profit in January

15 March 2012 08:17 (UTC +04:00)

It is a positive result in comparison with the previous year, because the banks operated in loss in 2011.

In January, interest incomes were AZN 103.45 mln, interest expenses â€“ AZN 53.65 mln. Consequently, interest profit stood at AZN 49.81 mln. At the same time, banksâ€™ non-interest income made AZN 24.3 mln, non-interest expenses â€“ AZN 39.35 mln, therefore the loss on non-interest operations made AZN 15.05 mln.

Note that, compared to last year, interest profit rose 15.8%, non-interest loss soared 25.5%. Besides, interest incomes went up 12.9%, interest expenses increased by 10.3%, incomes on non-interest operations grew by 49.3%, expenses increased by 7.8%.

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