Net profit of Azerbaijan's banking sector increased by 39%

Net profit of Azerbaijan
# 23 May 2023 11:32 (UTC +04:00)

The banking sector of Azerbaijan made a net profit of AZN 345.2 mln in January-April of current year which is 39.1% more than the corresponding period of previous year, APA-Economics reports citing the Central Bank of Azerbaijan.

In January-April 2022, the banking sector of Azerbaijan made a net profit of AZN 248.1 mln.

During this period, banks' operating income increased by 32.5% to AZN 806.2 mln, operating profit increasedby 31.9% to AZN 389 mln.

During the reporting period, banks paid AZN 88.9 mln profit tax.

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