Azerbaijan, Baku, August 4 / Trend N. Ismayilova /
In June, the number of banks operating at a profit in Azerbaijan hit 30, reducing by nine banks, in June 2009 and in relation to the previous month remained unchanged, the Central Bank of Azerbaijan (CBA) said.
The total profit of the banking system reduced by almost 51.7 percent compared to June 2009, and increased by 16.6 percent compared to the previous month, reaching 70.52 million manat.
The number of unprofitable banks in relation to May remained unchanged. The number increased by 10 banks by June the previous year. As a result, loss of 17 banks amounted to 24.27 million manat, or 1.1 percent less than in May, and more than 3 times than last year.
Financial results of banks' activity (after paying tax) in million manat:
|
Periods |
Number of banks operating at a profit |
Total profit of banking system (on profitable banks) |
Number of banks operating at a loss |
Total profit of banking system (on unprofitable banks) |
Total profit(+) or loss (-) |
|
July 1, 2008 |
37 |
117,06 |
8 |
16,59 |
100,47 |
|
July 1, 2009 |
39 |
154,16 |
7 |
8,03 |
146,13 |
|
July 1, 2010 |
30 |
94,79 |
17 |
24,27 |
70,52 |
On August 4, the official exchange rate is 0.8033 manat to $1.