Number of banks with profit decline in Azerbaijan

Number of banks with profit decline in Azerbaijan
# 14 April 2014 11:58 (UTC +04:00)

Baku. Musa Ahmadov – APA-Economics. As of March 1, number of banks with profit decreased by 4 units to 34 in Azerbaijan, Central Bank of Azerbaijan told APA-Economics.

34 of 43 banks ended February with profit, 9 with loss. Total profit of 34 banks made AZN 155.55 mln and losses of the 9 banks stood at AZN 26.43 mln. Total profit of banking system made AZN 89.12 ml, up 44.4% or 27.42 mln from previous year.

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