Azerbaijan-based banks’ net profit nears AZN 550M

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# 07:30
11 December 2017

Azerbaijan-based banks' total net profit as of November 1, 2017 amounted to AZN 549.6 million.

 

According to the Financial Markets Supervisory Authority (FIMSA), in October 2017, interest income of banks amounted to AZN 1,582,300,000 and interest expenses to AZN 740.8 million. The banks’ interest income on credits stood at AZN 1,168,500,000.

 

At the same time, during the reporting period, banks allocated AZN 309.6 million for special reserves.

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