Fewer unprofitable banks in Azerbaijan in December
Azerbaijan, Baku, Feb. 5 / Trend , N.Ismayilova /
The number of profitable banks in Azerbaijan increased from 36 to 38 in December 2008. The number is two less than in December 2007, the Azerbaijani National Bank said.
Revenues in the sector increased 44.7 percent compared to January 2007 to 192.08 million manat.
The number of unprofitable banks decreased by one compared to November and three compared to early 2008. Eight banks lost 7.4 million manat, which is twice more than the figure for early 2008.
Financial Results of Bank Activities (After Tax Payments) with Million Manat:
On Feb. 5, the official exchange rate is 0.808 manat to $1.
Do you have any feedback? Contact our journalist at: [email protected]