Azerbaijan-based banks’ profit fall by 1.7 times

Azerbaijan-based banks’ profit fall by 1.7 times
# 07 September 2012 10:32 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. Azerbaijan-based banks earned AZN 58.56 mln-pre-tax profit, during January-July, 2012, down by 1.7 times from year earlier.

Total profit during January-June made AZN 19.11 mln, and the banks earned AZN 39.45 mln-profit in July.

Bank’s interest incomes stood at AZN 688.09 mln, interest expenditure – at AZN 367.57 mln and consequently interest profit was equal to AZN 320.52 mln. At the same time, non-interest incomes made AZN 196.93 mln, non-interest expenditures – AZN 332.36 mln, and consequently, the loss on non-interest operations made AZN 135.33 mln.

Note that, in January-July, 33 commercial banks operated in profit, 10 – in loss. Total profit made AZN 145.28 mln, total los – AZN 97.09 mln.
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