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More profitable banks last month in Azerbaijan

Business Materials 27 August 2010 14:17 (UTC +04:00)

Azerbaijan, Baku, Aug. 27 / Trend N.Ismayilova /

The number of profitable banks in Azerbaijan increased to 30 in July.

The figure remains unchanged from June and is nine banks less than during the same period in 2009, the Central Bank of Azerbaijan (CBA) reported.

Total profits in the banking sector declined by almost 55.2 percent compared to July 2009, and increased by 3.1 percent compared to the previous month to 72.69 million manat.

Bank Financial Results (After Tax) in million manat:

Periods

The number of banks operating profitably

The total profit of the banking system (on profitable banks)

The number of banks operating in loss

The total loss of the banking system (on unprofitable banks)

Total profit (+) or loss (-) obtained by banks

01-08-2008

35

135.54

9

14.96

120.58

01-08-2009

39

171.01

7

8.91

162.10

01-08-2010

30

94.84

17

22.15

72.69

The official exchange rate today is 0.8037 manat to $1.

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