Bank Of Baku

Annual growth rate of Azerbaijani banks’ profit slides down

Annual growth rate of Azerbaijani banks’ profit slides down
# 13 February 2013 13:34 (UTC +04:00)

 

Baku. Vahab Rzayev – APA-Economics. Commercial banks operating in Azerbaijan got AZN 169.91 mln profit in 2012 (+5.7%), CBA told APA-Economics.

 

In January-November of 2012, total profit of the banks made AZN 168.18 mln. Thus, in December, the banks gained AZN 1.73 mln profit (-23 times).

 

Last year, interest incomes of the banks stood at AZN 1,257.82 mln, interest expenses – AZN 660.95 mln, and consequently, interest profit was equal to AZN 596.84 mln. At the same time, banks’ non-interest incomes made AZN 367.29 mln, non-interest expenses – AZN 635.80 mln, consequently, AZN 268.51 mln loss occurred on non-interest operations.

 

 

 

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