Azerbaijan, Baku, June 30 / Trend I. Khalilova /
In May, the number of banks operating at a profit in Azerbaijan hit 30 reducing by four banks compared to the previous month and by eight banks compared to April-March 2009, the Central Bank of Azerbaijan (CBA) said.
The total profit of the banking system reduced 1.62 times compared to May 2009, and increased by 10.7 percent compared to the previous month, reaching 85.03 million manat.
Number of unprofitable banks in relation to April increased by four banks, and by May last year - nine banks. As a result, loss of 17 banks amounted to 24.55 million manat, which is 12.6 percent more than in April.
Financial results of banks (after paying tax) in million manat:
|
periods |
Number of banks operating with profit |
Total profit of banking system (on banks with profit) |
Number of banks operating with loss |
Total loss of banking system (on banks with loss) |
Total profit (+) or loss (-) of banks |
|
June 1, 2008 |
34 |
100,28 |
11 |
18,71 |
81,57 |
|
June 1, 2009 |
38 |
137,41 |
8 |
8,44 |
128,97 |
|
June 1, 2010 |
30 |
85,03 |
17 |
24,55 |
60,48 |
On June 30, the official exchange rate is 0.8039 manat to $1.