Azerbaijan, Baku, Feb. 12 / Trend I. Khalilova /
The Central Bank of Azerbaijan (CBA) stressed that the profits of profitable banks exceeds the total loss of unprofitable banks threefold as of 2012.
According to the Central Bank's report on financial stability for 2012, around 33 banks' profit hit 195.51 million Manat, and the losses of these 10 banks hit 65.5 million Manat. This allowed the banking system to earn 130.01 million Manat in net profit.
During the year, the number of profitable banks increased by three and the total profit in the sector increased by 19.6 percent; accordingly, the number of unprofitable banks reduced by 4 and the total loss was reduced by 4.9 times.
The maximum profit of the banking system was registered in 2009 - at a level of 269.57 million Manat earned by 39 banks. The greatest loss was obtained in 2011 at the amount of 322.51 million Manat, while the number of unprofitable banks reached 14.
The biggest net profit amount was earned by banks in 2009 at the amount of 252.98 million Manat.
Last year, the Central Bank revoked Royal Bank's license, it had been declared bankrupt.
Financial results of the banks' activity (after paying taxes) in million manat
|
Periods |
Number of profitable banks |
The total profit of the banking system (profitable banks) |
Number of unprofitable banks |
The total loss of the banking system (unprofitable banks) |
Total profit (+) or loss (-) obtained by banks |
|
Dec. 31,2011 |
30 |
163,52 |
14 |
- 322,51 |
- 158,99 |
|
Dec.31,2012 |
33 |
195,51 |
10 |
- 65,50 |
130,01 |
The official exchange rate is 0.7848 AZN/USD on Feb. 12.
