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Azerbaijan-based banks see loss in December

Azerbaijan-based banks see loss in December

06 February 2014 11:25 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. Azerbaijan-based banks earned AZN 341.25 mln pretax profit in 2013, up AZN 171.34 mln or 2 times from 2012, the Central Bank of Azerbaijan told APA-Economics.

Total profit in January-November made AZN 355.76 mln and they faced AZN 14.51 mln-loss in December.

Interest incomes made AZN 1,646.86 mln, interest expenditures – AZN 817.64 mln and consequently, the interest profit was equal to AZN 829.22 mln. At the same time, non-interest incomes stood at AZN 442.60 mln, non-interest expenditures at AZN 759.37 mln, non-interest loss at AZN 316.76 mln.

In annual comparison, the interest profit rose AZN 232.35 mln or 38.9%, non-interest loss increased by AZN 48.25 mln or 18.0%.

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