As of January 1, 2018 net profit of the banking sector was 883.6 mln. Azerbaijani manat, APA-Economics reports.
According to the report released by the Financial Markets Supervision Chamber, last year banks' interest income amounts to $ 1 billion 775.2 million manat, interest expenses - 824.9 million manat.. Last year, the banks’ interest income was 1 bln. 282.7 mln. Azerbaijani manat
During the reporting period, 26.5 million manats was spent to create special reserves for possible losses on assets.