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Number of profitable banks in Azerbaijan increased in 2012

Business Materials 5 January 2013 16:03
According to the data for January-October 2012, the number of banks in Azerbaijan working profitably amounted to 35, which is an increase of two units compared to the same period in 2011, the statistical report of the Central Bank of Azerbaijan (CBA) published on its website says.

Azerbaijan, Baku, Jan. 5 / Trend I.Khalilova /

According to the data for January-October 2012, the number of banks in Azerbaijan working profitably amounted to 35, which is an increase of two units compared to the same period in 2011, the statistical report of the Central Bank of Azerbaijan (CBA) published on its website says.

According to the Central Bank, the total profit of the banking system increased during the 10 months of last year by 17.7 percent, and by early November was 220.91 million manat, which is 60.8 percent more than in early November 2011.

The number of unprofitable banks in January-October fell by five and totaled eight, which is three units less compared to the same period of 2011.

Loss of eight banks was 90.73 million manat, which is almost three times more than in January-October 2011 (30.45 million manat).

Financial results of bank activities (after tax) in million manat:

Period

Number of banks operating profitably

Total profit of the banking system (on profitable banks)

Number of banks operating in loss

Total loss of the banking system (on unprofitable banks)

Total profit (+) or loss (-) of Banks

01-11-2011

33

137,36

11

30,45

106,91

01-11-2012

35

220,91

8

90,73

130,18

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