Azerbaijan-based banks see profit at AZN 241 million
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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