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Azerbaijan's CBA shares data on net profit of Azerbaijan's banks

Economy Materials 29 November 2022 13:02 (UTC +04:00)
Azerbaijan's CBA shares data on net profit of Azerbaijan's banks
Sadraddin Aghjayev
Sadraddin Aghjayev
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BAKU, Azerbaijan, November 29. The net profit of Azerbaijan's banking sector from January through October 2022 totaled 769.9 million manat ($452), Azerbaijan Central Bank (CBA) told Trend.

This rate is 35 percent higher than the same rate of the previous year.

"During the accounting period, banks operating income increased by 31 percent, up to 3.182 billion manat ($1.8 billion), while operating expenditure increased by 27.3 percent and totaled 2.024 billion manat ($1.1 billion); allocations to reserve increased by 27.3 percent and totaled 209.8 million manat ($123 million)," said CBA.

It was also noted that other expenses of this sector amounted to 500,000 manat ($294,120), the payment of income tax - 178 million manat ($104 million).

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