Baku, Azerbaijan, Feb. 5
By Maksim Tsurkov - Trend:
The total profit of Azerbaijan's banks exceeds the total loss by 78.4 times as of January 2015, Central Bank of Azerbaijan (CBA) said in its report.
The profit of 37 banks was 375.33 million AZN, while the loss of eight banks stood at 4.79 million AZN, according to the report. This allowed the banking system to get net profit of 370.54 million AZN.
The official exchange rate is 0.7844 AZN/USD on Feb. 5.
The number of profitable banks increased by 2 compared to November 2014, and their total profit decreased by 14.59 percent. The number of unprofitable banks increased by 3 but their total loss decreased by 83.2 percent.
The number of profitable banks decreased by 2 in December 2014 compared to the same month of 2013, while the total profit of this sector increased by 37.8 percent. The number of unprofitable banks increased by 4, while their total loss increased by 0.84 percent.
|
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 |
|
01.01.2014 |
39 |
272,32 |
4 |
-4,75 |
267,57 |
|
01.01.2015 |
37 |
375,33 |
8 |
-4,79 |
370,54 |
There are 45 banks in Azerbaijan.
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