Azerbaijan, Baku, Jan. 7 / Trend , N.Ismayilov /
The number of profitable banks in Azerbaijan was 37 in November. The number is one more than in previous months and November 2008, Azerbaijani Central Bank said today.
As of Dec. 1, the total profit of the banking system increased by 17 percent as compared to Dec.1 2008 and 26.2 percent compared to early 2009, reaching AZN 234.19 million. In November, the total profits of banks increased by 0.5 percent.
The number of unprofitable banks increased by one compared to early 2009. Ten banks lost AZN 16.72 million, which is 17 percent more than the figure as of Dec.1, 2008.
Financial results of bank activities (after tax payments) in million manat:
|
Periods |
Number of banks operating with profit |
Total profit of bank system (on profitable banks) |
Number of banks operating with losses |
Total losses of bank system (on unprofitable banks) |
Summary profit(+) or losses (-), of banks |
|
01-12-2007 |
40 |
154,11 |
3 |
3,91 |
150,20 |
|
01-12-2008 |
36 |
214,45 |
9 |
14,29 |
200,16 |
|
01-12-2009 |
37 |
250,91 |
9 |
16,72 |
234,19 |
On Jan.7, official rate is AZN 0.8030 to $1.