Banking sector’s loss exceeds AZN 57M in Azerbaijan

 Banking sector’s loss exceeds AZN 57M in Azerbaijan
  • Clock-gray 09:48
  • calendar-gray 01 June 2018

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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