Azerbaijan, Baku, Dec.27 / Trend, N.Ismayilova /
The number of profitable banks in Azerbaijan amounted to 31 in November. The figure decreased by six bank compared to November 2009 and remained unchanged compared to the pervious month, the Central Bank of Azerbaijan (CBA) reported.
Total profit in the banking sector declined by almost 53.4percent compared to November 2009, and increased by 17.6 percent compared to the previous month to 109.05 million manat.
The number of unprofitable banks remained unchanged compared to October, and increased by 7 units compared to November 2009. As a result, a loss of 16 banks amounted to 51.85 million manat, which is 25.8 percent more than the October index and almost 3.1 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 |
|
01-12-2008 |
36 |
214.45 |
9 |
14.96 |
120.58 |
|
01-12-2009 |
37 |
250.91 |
9 |
16.72 |
234.19 |
|
01-12-2010 |
31 |
160.9 |
16 |
51.85 |
109.05 |
The official exchange rate is 0.7985 manat to $1 Dec.27.