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Azerbaijan-based banks’ total profit reaches AZN 500M

Azerbaijan-based banks' total net profit as of September 30, 2017 amounted to AZN 479.7 million.

According to the Financial Markets Supervisory Authority (FIMSA), in September 2017, interest income of banks amounted to AZN 1,437,300,000 and interest expenses to AZN 687.8 million. The banks’ interest income on credits stood at AZN 1,058,200,000, expenditures on deposits stood at AZN284.5 million.

 

Non-interest incomes made up AZN 779.7 million, non-interest expenditures – AZN 708.5 million, operating profit reached AZN 820.8 million.

 

At the same time, during the reporting period, banks allocated AZN 321.3 million for special reserves.

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/ 19 November, 2017

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