Net profit of Azerbaijan's banking sector increased by 54% and was equal to AZN 267,9 mln. in IQ2023, APA-Economics reports citing the Central Bank of Azerbaijan.
During this period, banks' operating income increased by 32,5% to AZN 1102,9 mln., operating expenses increased by 28% to AZN 693,4 mln., allocation to special reserves decreased by 6,7% to AZN 55,9 mln compared to the corresponding period of the previous year.