Azerbaijan, Baku, August 6 / Trend A. Akhundov /
The Azerbaijani Central Bank (CBA) stressed exceeding the total profit of profitable banks over the total loss of unprofitable banks almost by 30 times as of January-June 2013, the Azerbaijani Central Bank's statistics report said today.
According to the report, around 40 banks' profit hit 168.03 million manat, and losses of 3 banks - 5.75 million manat. This allowed the banking system to earn 162.28 million manat of net profit.
The number of profitable banks increased by 1 and the total profit of the sector increased by 15.64 percent compared to the last month of 2013. Accordingly, the number of unprofitable banks reduced from 4 to 3 and the total loss reduced by third.
According to the report, the maximum profit of the banking system was registered in 2009 - at the level of 269.57 million manat, earned by 39 banks. The biggest net profit amount was earned by banks in 2009 at the amount of 252.98 million manat.
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 |
|
July 1, 2012 |
35 |
109,05 |
9 |
- 98,80 |
10,25 |
|
July 1, 2013 |
40 |
168,03 |
3 |
- 5,75 |
162,28 |
Around 43 banks operate in Azerbaijan.
The official exchange rate is 0,7844 AZN/USD on August 6.