Bank Of Baku

Azerbaijan-based banks increase profit by 2.1 times

Azerbaijan-based banks increase profit by 2.1 times
# 21 January 2014 09:08 (UTC +04:00)

Baku. Vahab Rzayev - APA-Economics. Azerbaijan-based commercial banks have earned AZN 355.76 mln pre-tax profit in January-November, 2013, up AZN 187.58 mln or 2.1 times from previous year.

 

Central Bank of Azerbaijan says interest incomes made AZN 1,505.8 mln, interest expenditures – AZN 748.5 mln and interest profit stood at AZN 757.3 mln. At the same time, non-interest incomes made AZN 389.5 mln, non-interest expenditures – AZN 651.0 mln and non-interest loss – AZN 251.5 mln.

 

Interest profit rose AZN 202.6 mln or 36.5%, non-interest loss increased by AZN 53.8 mln or 25.9% compared to a year earlier.

 

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