Bank Of Baku

Azerbaijan gets rise in number of banks facing loss

Azerbaijan gets rise in number of banks facing loss
# 09 June 2014 09:40 (UTC +04:00)

Baku. Musa Ahmadov - APA-Economics. As of May 1, 2014, Azerbaijan-based 44 commercial banks’ (including Kovserbank) profit made AZN 137.72 mln, up AZN 31.7 mln or 29.9% from previous year.

 

33 banks operated in profit (total AZN 171.39 mln). For comparison to note that number of banks operated in profit made 39 last year (total AZN 113.49 mln). 

 

Number of banks operated in loss made 11 (total loss AZN 33.67 mln), while the number of such banks was 4 last year (total AZN 7.48 mln).

 

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