Bank Of Baku

Azerbaijan-based 8 banks operate in loss

Azerbaijan-based 8 banks operate in loss
# 05 September 2014 11:23 (UTC +04:00)

Baku. Musa Ahmadov – APA-Economics. Number of banks operating in profit decrease year-on-year.

 

Central Bank of Azerbaijan told APA-Economics that as of August 1, 2014, the banks operating in profit fell three times to 36.

 

In July, 36 banks operated in profit, 8 in loss. Total profit of 36 banks made AZN 292.82 mln, while the loss stood at AZN 38.45 mln. So, total profit of the banking system made AZN 254.37 mln, up 24.3% or AZN 49.71 mln from previous year.

 

 

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