Azerbaijan, Baku, Jan. 8 / Trend A. Akhundov /
As of Dec. 1, 2012, the number of banks in Azerbaijan, operating with profit, was 35, the Azerbaijani Central Bank's statistics report said today.
According to the Azerbaijani Central Bank, the total profit of the banking system increased by 68.1 percent per year. As of Dec. 1, it amounted to 244.44 million manat.
The number of unprofitable banks in Jan.-Nov. reduced by 1 and hit 8 or by 4 less compared to the same period of 2011.
Eight banks' losses hit 93.31 million manat or 2.7 times more than in Jan.-Nov. 2011 (34.62 million manat).
Financial results of the banks' activity (after paying taxes) in million manat
|
periods |
Number of profitable banks |
The total profit of the banking system (profitable banks) |
Number of unprofitable banks |
The total loss of the banking system (unprofitable banks) |
Total profit (+) or loss (-) obtained by banks |
|
Dec. 1, 2011 |
32 |
145,43 |
12 |
34,62 |
110,82 |
|
Dec. 1, 2012 |
35 |
244,44 |
8 |
93,31 |
151,13 |
The official exchange rate is 0,7848 AZN/USD on Jan. 8.