Baku, Azerbaijan, Nov. 7
By Emin Aliyev -Trend:
The Azerbaijani Central Bank (CBA) stressed exceeding the total profit of profitable banks over the total loss of unprofitable banks by 19.11 times as of January-September 2013, the Azerbaijani Central Bank's statistics report released on Nov.7, said.
According to the report, 38 banks' profit hit 260.29 million manat, and losses of 5 banks - 13.62 million manat. This allowed the banking system to earn 246.67 million manat of net profit.
The number of profitable banks increased by 5, while the total profit of the sector increased by 41.65 percent compared to the same period of 2012. The number of unprofitable banks decreased from 10 to 5 and the total loss reduced by 6.87 times.
The number of profitable banks increased by 2, while the total profit of the sector increased by 9.31 percent compared to the previous month of 2013. The number of unprofitable banks increased from 3 to 5 and the total loss increased by 3.6 percent.
According to the report, the maximum profit of the banking system was registered in 2009 - at the level of 269.57 million manat, earned by 39 banks. The biggest net profit amount was earned by banks in 2009 at the amount of 252.98 million manat.
Financial results of the banks' activity (after paying taxes) in million manat:
|
Period |
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 |
|
Oct.1,2012 |
33 |
183,75 |
10 |
93,57 |
90,18 |
|
Oct.1,2013 |
38 |
260,29 |
5 |
13,62 |
246,67 |
Around 43 banks operate in Azerbaijan.
The official exchange rate is 0.7843 AZN/USD on Nov.7.