Azerbaijan, Baku, Jan. 5 / Trend N. Ismayilova /
The number of profitable banks in Azerbaijan amounted to 32 in November 2011. The number decreased by one bank compared to October and increased also by one bank compared to the same period of 2010, the Central Bank of Azerbaijan (CBA) said on Thursday.
Total profits in the banking sector hit 145.43 million manat in November, or 5.9 percent more compared to the relevant figure in October and by 9.6 percent less compared to the relevant indicator of the similar period of 2010.
The number of unprofitable banks increased by one bank compared to October and decreased by 4 in annual calculation. As a result, the loss of 12 banks amounted to 34.62 million manat, or 13.7 percent more compared to October and 33.2 percent less compared to November 2010.
Bank Financial Results (After Tax) in million manat:
|
Per |
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 |
|
01-12-2010 |
31 |
160,9 |
16 |
51,85 |
109,05 |
|
01-12-2011 |
32 |
145,43 |
12 |
34,62 |
110,82 |
The official exchange rate is 0.7865 AZN/USD.