Azerbaijan, Baku, Oct. 1 / Trend N.Ismayilova /
The number of profitable banks in Azerbaijan decreased to 29 in August. The figure decreased by one bank from July and is nine banks less than during the same period in 2009, the Central Bank of Azerbaijan (CBA) reported.
Total profit in the banking sector declined by almost 56. percent compared to August 2009, and increased by 11.7 percent compared to the previous month to 81.17 million manat.
The number of unprofitable banks increased by one, and by 10 units compared to August 2009. As a result, a loss of 18 banks amounted to 33.79 million manat, which is 52.6 percent more than the July index and almost 3.76 times higher than during the same period in 2009.
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 |
|
01-09-2008 |
36 |
167.97 |
9 |
14.72 |
153.25 |
|
01-09-2009 |
38 |
195.67 |
8 |
8.98 |
186.69 |
|
01-09-2010 |
29 |
114.96 |
18 |
33.79 |
81.17 |
The official exchange rate is 0.8026 manat to $1 Oct. 1.
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