BAKU, Azerbaijan, April 25. The net profit of Azerbaijan's banking sector amounted to 311.5 million manat ($182.9 million) from January through March this year, Trend reports, referring to the Azerbaijani Central Bank (CBA).
According to the information, it is 16.3 percent more than in the same period in 2023.
To note, for 3 months, banks' operating income amounted to 1,3 million manat ($760,000) (22.8 percent more than in the same period last year), operating expenses - 892 million manat ($524.1 million) (28.6 percent more), deductions on special reserves - 79.7 million manat ($46.8 million) (8.6 percent more), other income - 1.7 million manat ($990,000) (17 times more), and income tax payments - 72.9 million manat ($42.8 million) (6.6 percent more).
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