Azerbaijan-based banks see 28% growth in non-interest loss

Azerbaijan-based banks see 28% growth in non-interest loss
# 12 December 2013 13:25 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. Azerbaijan-based commercial banks’ pre-tax profit during January-October, 2013, made AZN 305.84 mln, up AZN 159.59 mln or 2.1% from 2012.

Interest incomes stood at AZN 1,347.1 mln, interest expenditures – AZN 6776.5 mln and consequently, interest profit was equal to AZN 670.6 mln. At the same time, non-interest incomes made AZN 349.3 mln, non-interest expenditures – AZN 590.4 mln and consequently, non-interest loss was equal to AZN 241.1 mln.

In annual comparison, the interest profit increased by AZN 179.2 mln or 36.5%, non-interest loss – by AZN 52.4 mln or 27.8%.

#
#

THE OPERATION IS BEING PERFORMED