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Azerbaijan-based banks’ net profit reaches AZN 600M


Azerbaijan-based banks' total net profit as of December 1, 2017 amounted to AZN 592.7 million.

 

According to the Financial Markets Supervisory Authority (FIMSA), in November 2017, interest income of banks amounted to AZN 1,731,800,000 and interest expenses to AZN 796.1 million. The banks’ interest income on credits stood at AZN 1,279,500,000.

 

During the reporting period banks allocated AZN 316.8 million for special reserves.

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