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Azerbaijan-based banks see a 58% rise in profit

Azerbaijan-based banks see a 58% rise in profit

03 December 2008 16:10 (UTC +04:00)

Baku. Vahab Rzayev â€“ APA-Economics. Azerbaijan-based banks made AZN 238.22 million in total profit for January-October, up 58.04% on the same period last year.
The National Bank of Azerbaijan told APA-Economics that
interest income accounted for AZN 805.1 million (annual growth was 86.8%), interest expenses AZN 364.4 million (2 times), non-interest income AZN 240.8 million (47.7%) and non-interest expenses AZN 278.20 million (55.1%) of the profit made by banks.

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