Net profit of banks in Azerbaijan increased by 18%

Net profit of banks in Azerbaijan increased by 18%
# 22 May 2024 14:30 (UTC +04:00)

The banking sector of Azerbaijan made a net profit of AZN 407.5 mln in January-April of 2024, which is 18% more than the corresponding period of the previous year, APA-Economics reports citing the Central Bank of Azerbaijan.

The banking sector of Azerbaijan made a net profit of AZN 345.2 mln in January-April of 2023.

During this period, banks' operating income increased by 14% to AZN 585 mln.

In four months of 2024, banks paid AZN 89.9 mln profit tax.

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