Baku, Azerbaijan, Aug. 8
By Ilaha Mammadli - Trend:
The total profit of Azerbaijan's lucrative banks exceeds the total loss of unprofitable banks by 6.8 times as of June 2014, Central Bank of Azerbaijan (CBA) said in its report.
The profit of 36 banks was 235.06 million AZN, while the loss of eight banks stood at 34.34 million AZN, according to the report. This allowed the banking system to earn 200.72 million AZN of net profit.
The number of profitable banks increased by two units in June 2014, compared to May, while the total profit of the sector fell by 1.02 percent. The number of unprofitable banks decreased by two units and stood at eight and their total loss increased by 5.4 percent.
The number of profitable banks has decreased by four units in June 2014, compared to the same month of 2013, while the total profit of this sector grew by 39.9 percent. The number of unprofitable banks has increased from three to eight, while their total loss grew by six 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 |
|
July 1, 2013 |
40 |
168.03 |
3 |
-5.75 |
162.28 |
|
July 1, 2014 |
36 |
235.06 |
8 |
-34.34 |
200.72 |
Some 44 banks operate in Azerbaijan.
The official exchange rate on Aug.8 is 0.7843 AZN/USD.
Edited by CN