Azerbaijan-based banks see profit at AZN 241 million

Azerbaijan-based banks see profit at AZN 241 million
# 30 December 2008 14:27 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. Azerbaijan-based banks made AZN 241.4 million in total for January-November, up 58.04% on the same period last year and 40.4% on early this yar.
The National Bank of Azerbaijan told APA-Economics that interest income accounted for AZN 891.3 million (annual growth was 81.6%), interest expenses AZN 405.9 million (95.1), non-interest income AZN 262.5 million (43.3%) and non-interest expenses AZN 309.5 million (51.6%) of the profit made by banks.
As seen in the context, non-interest expenses exceed non-interest income.
This has become commonplace for Azeri banks because they benefit from lending and lose in non-interest operations.
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