Baku, Azerbaijan, March 11
By Abbas Akhundov - Trend:
The Azerbaijani Central Bank (CBA) exceeded the total profits of lucrative banks over the total loss of unprofitable banks by 18.22 times as of January, 2014.
The profit of 38 banks was 51.92 million manat, while the loss of five banks stood at 2.85 million manat, according to the report. This allowed the banking system to earn 49.07 million manat of net profit.
The number of profitable banks increased by three in January, 2014, while the total profit of the sector increased by 51.9 percent compared to previous month of 2013. The number of unprofitable banks decreased from eight to five and the total loss reduced by 1.7 times.
The maximum level of total profits of the banking system obtained by the results of activities of 38 banks was recorded in November 2013 to the sum of 346.89 million manat. The maximum amount of net profit at the level of 334.16 million manat was gained in the same month.
Financial results of the banks' activity (after paying taxes) in million manat
|
Period |
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 |
|
01.02.2013 |
35 |
34,19 |
8 |
-4,93 |
29,26 |
|
01.02.2014 |
38 |
51,92 |
5 |
- 2,85 |
49,07 |
Official exchange rate on March 11 is 0,7844 AZN / USD.
Translated by S.I.
Edited by S.M.
