Azerbaijan, Baku, May 26 / Trend N. Ismayilova /
The number of banks operating with profit hits 34 in April in Azerbaijan, reducing by five banks compared to April 2009 and increased by one bank compared to the previous month, the Central Bank of Azerbaijan (CBA) said.
The total profit of the banking system declined by almost a half compared to April 2009, and increased by 44.4 percent compared to the previous month, reaching 55.01 million manat.
The number of unprofitable banks in relation to March remained unchanged, and by April of the previous year increased by six banks. As a result, loss of 13 banks amounted to 21.8 million manat, which is 11.5 percent more than in March and 2,8 times more than last year.
Financial results of banks (after tax) in manats:
|
Periods |
Number of banks operating with profit |
Total profit of banking system (on profitable banks) |
Number of banks operating with loss |
Total loss of banking system |
Final profit (+) or loss (-), received by banks |
|
April 1, 2008 |
37 |
118,25 |
8 |
8,34 |
109,91 |
|
April 1, 2009 |
39 |
112,63 |
7 |
7,77 |
104,86 |
|
April 1, 2010 |
34 |
76,81 |
13 |
21,8 |
55,01 |
About 47 banks operate in Azerbaijan.
On May 26, the official exchange rate is 0.8036 manat to $1.