Baku, Azerbaijan, Jan. 5
By Azad Hasanli - Trend:
The total profit of Azerbaijan's banks exceeds the total loss by 15.4 times as of November 2014, Central Bank of Azerbaijan (CBA) said in its report.
The profit of 39 banks was 439.44 million AZN, while the loss of five banks stood at 28.55 million AZN, according to the report. This allowed the banking system to get net profit of 410.89 million AZN.
The number of profitable banks increased by 1 compared to October 2014, and their total profit increased by 11.64 percent. The number of unprofitable banks decreased by 1 and their total loss increased by 11.5 percent.
The number of profitable banks increased by 1 in November 2014 compared to the same month of 2013, while the total profit of this sector increased by 26.7 percent. The number of unprofitable banks remained unchanged, while their total loss increased by 2.2 times.
|
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 |
|
01.12.2013 |
38 |
346,89 |
5 |
-12,73 |
334,16 |
|
01.12.2014 |
39 |
439,44 |
5 |
-28,55 |
410,89 |
There are 44 banks in Azerbaijan.
The official exchange rate is 0.7844 AZN/USD on Jan. 5.
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Edited by CN