Azerbaijan, Baku, May 6 / corr Trend N.Ismayilova /
The number of profitable banks in Azerbaijan increased from 38 to 37 in March 2009 and though the figure increased by 1 bank as compared to March 2008, the Central Bank of Azerbaijan said on May 6.
Revenues in the sector increased by over 1.7 times compared to April 1, 2008 to 79.66 million manat. Total amount of banks' revenues increased by 0.9 percent in March.
The number of unprofitable banks increased by one compared to February and was the same compared to early 2009. Nine banks lost 7.41 million manat, which is by 6.9 percent more than the figure for April 1, 2008.
Financial Results of Bank Activities (After Tax Payments) with Million Manat:
|
Periods |
Number of Profitable Banks |
General Revenue of Banking System (Profitable Banks) |
Number of Unprofitable Banks |
General Loss of Banking System (Unprofitable Banks) |
Total Revenue (+) or Loss (-) of Banks |
|
01-04-2007 |
35 |
33,11 |
8 |
9,53 |
23,58 |
|
01-04-2008 |
36 |
53,08 |
9 |
6,93 |
46,15 |
|
01-04-2009 |
37 |
87,07 |
9 |
7,41 |
79,66 |
On May 6, the official exchange rate is 0.8036 manat to $1.
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