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Total revenues of Azerbaijani banks increase by almost 43 percent

Business Materials 8 November 2012 20:40 (UTC +04:00)

Azerbaijan, Baku, Nov 8 /Trend/

The number of profitable banks in Azerbaijan amounted to 33 in the end of third quarter remaining unchanged during the third quarter, decreasing by 2 units compared to second quarter, and increasing bi 1 unit compared to the third quarter in 2011, the Azerbaijani Central Bank said on Friday.

Total revenue of the banking sector amounted to 183.75 million manat during third quarter, increasing by 68.5, which is by 42.76 percent more compared to October 1, 2012.

As a result a loss of 10 banks amounted to 93.27 million manat, which is 4.75 times higher compared to the figure for the third quarter of 2011 (19.66 million manat), but 5.3 percent less compared to the second quarter of the year (98.8 million manat.)

Financial Results of Bank Activities (After Tax Payments) in million manat:

Periods

Number of Profitable Banks

General Revenue of Banking System (Profitable Banks)

General Revenue of Banking System (Unprofitable Banks)

General Loss of Banking System (Unprofitable Banks)

Total Revenue (+) or Loss (-) of Banks

01-10-2011

32

128,71

12

19,66

109,05

01-10-2012

33

183,75

10

93,57

90,18

Official exchange rate on Nov 8 is 0.785 AZN/USD

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