Bank Of Baku

Azerbaijan-based banks’ 2014 revenues exceed AZN 2.7 bln

Azerbaijan-based banks’ 2014 revenues exceed AZN 2.7 bln
# 06 February 2015 09:27 (UTC +04:00)

Baku. Musa Ahmadov - APA-economics. In 2014, Azerbaijan-based banks’ total revenues made AZN 2.732 bln.

 

Central Bank of Azerbaijan told APA-Economics that the interest incomes stood at AZN 2,255,730,000, non-interest incomes at AZN 476.45 mln.

 

The incomes grew AZN 591.71 mln or 31.2% year-on-year.

 

During the reporting period, total expenditures of the banks made AZN 1,895,058,000, including interest expenditures – AZN 986.44 mln, non-interest expenditures – AZN 909.14 mln. Consequently, banks’ profit stood at AZN 832.44 mln. Banks allocated AZN 373.66 mln for special reserves, up 2.18 times from previous year. After allocations, banks’ pre-tax profit amounted to AZN 458.78 mln.

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