Bank Of Baku

Azerbaijan-based banks earn about AZN 240 mln revenue in January

Azerbaijan-based banks earn about AZN 240 mln revenue in January
# 05 March 2015 10:46 (UTC +04:00)

Baku. Musa Ahmadov - APA-economics. In January of 2015, Azerbaijan-based banks’ total revenues made AZN 238.78 mln.

 

Central Bank of Azerbaijan told APA-Economics that the interest incomes stood at AZN 200.55 mln, non-interest incomes at AZN 38.23 mln.

 

The incomes grew AZN 43.85 mln or 22.49% year-on-year.

 

During the reporting period, total expenditures of the banks made AZN 144.44 mln, including interest expenditures – AZN 72.22 mln, non-interest expenditures – AZN 72..2 mln. Consequently, banks’ profit stood at AZN 94.35 mln. Banks allocated AZN 11.89 mln for special reserves, up 3.17 times from 2014. After allocations, banks’ pre-tax profit amounted to AZN 70.39 mln.

 

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