Bank Of Baku

Azerbaijan-based banks’ total incomes reach AZN 2.3 bln

Azerbaijan-based banks’ total incomes reach AZN 2.3 bln
# 28 November 2014 11:44 (UTC +04:00)

Baku. Musa Ahmadov - APA-Economics. In the third quarter of this year, the banks’ total incomes made AZN 2,246,440,000.

 

Central Bank of Azerbaijan says the interest incomes stood at AZN 1,864,007,000 and non-interest incomes – at AZN 382.37 mln.

 

Total incomes increased AZN 550.01 mln or 32.4% year-on-year.

 

Total expenditures of the banks in January-October, made AZN 1,519,000,000, including interest expenditures stood at AZN 810.63 mln, non-interest expenditures – at AZN 708.37 mln. Consequently, the profit made AZN 727.44 mln. Bank allocated AZN 322.99 mln to special reserves on assets (during ten months), up 2.6 times from previous year. After allocations, the pre-tax profit of the banks made AZN 404.45 mln.

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