Azerbaijan sees 25% rise in banks’ profit

Azerbaijan sees 25% rise in banks’ profit
# 28 December 2012 13:00 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. In January-October 2012, the commercial banks operating in Azerbaijan got AZN 146.25 mln profit, up 24.95 compared to 2011.

CBA told APA-Economics that in January-September 2012, total profit of the banks stood at AZN 103.36 mln. So, the banks got AZN 42.89 mln-profit in October of this year.

During this period, interest incomes of the banks made AZN 1,028.48 mln, interest expenses – AZN 537.00 mln and consequently, interest profit was equal to AZN 491.48 mln. At the same time, non-interest incomes made AZN 296.82 mln, non-interest expenses – AZN 485.47 mln, so the banks get loss at amount of AZN 188.65 mln on non-interest operations.

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