Azerbaijan, Baku, Nov. 5 / Trend N.Ismayilova /
The number of profitable banks in Azerbaijan amounted to 30 in September. The figure increased by one bank from August and is eight 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 54.8 percent compared to September 2009, and increased by 16.7 percent compared to the previous month to 94.71 million manat.
The number of unprofitable banks decreased by one, and by 9 units compared to September 2009. As a result, a loss of 17 banks amounted to 40.05 million manat, which is 18.5 percent more than the August index and almost 4.2 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 |
|
01-10-2008 |
38 |
179.62 |
7 |
12.33 |
167.29 |
|
01-10-2009 |
38 |
219.02 |
8 |
9.62 |
209.4 |
|
01-10-2010 |
30 |
134.76 |
17 |
40.05 |
94.71 |
The official exchange rate is 0. 7997 manat to $1 Nov. 5.
Do you have any feedback? Contact our journalist at: [email protected]