Azerbaijan-based banks earn AZN 2.5 bln revenue during 11 months of 2014

Azerbaijan-based banks earn AZN 2.5 bln revenue during 11 months of 2014
# 06 January 2015 11:13 (UTC +04:00)

Baku. Musa Ahmadov - APA-economics. In January-November, 2014, Azerbaijan-based banks’ total revenues made AZN 2.487 bln.

Central Bank of Azerbaijan told APA-Economics that the interest incomes stood at AZN 2,062,069,000, non-interest incomes at AZN 424.31 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 1,680,025,000, including interest expenditures – AZN 895.02 mln, non-interest expenditures – AZN 785.23 mln. Consequently, banks’ profit stood at AZN 806.74 mln. Banks allocated AZN 351.71 mln for special reserves, up 2.5 times from 2013. After allocations, banks’ pre-tax profit amounted to AZN 455.03 mln.

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