Banking sector’s loss exceeds AZN 57M in Azerbaijan

 Banking sector’s loss exceeds AZN 57M in Azerbaijan
# 01 June 2018 09:48 (UTC +04:00)

As of May 1, 2018 banking sector’s loss stood at AZN 57.1 million.

According to Financial Markets Supervisory Authority (FIMSA), interest incomes made up AZN 561 million, interest expenditures – AZN 201.1 million.

The banks allocated AZN 242.5 million for creation of special reserve in order to cover the possible losses.

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