Azerbaijani banks" total income for the year decreased by 17.3%

The total revenue banks operating in Azerbaijan in January-September this year amounted to 1,173.31 million manat, or 132.53 million or 12.7% more than in the same period of the previous year. Non-interest income increased 18.2% to 267.94 million manat.

Bank expenses for the period increased 106.46 million or 6.1% to 912.66 million manat. Accruals on assets increased compared with January-September last year by 42.52 million or 36.8% to 158.21 million manat (with an annual growth of 18% of assets).

Turan was told in the Central Bank of Azerbaijan, in the structure of banking income for the reporting period the main part fell on interest income - 77.2% of the costs - the share of interest payments (52.5%).

Annual profit before tax amounted to 103.36 million manat, which is 13% less than in January-September 2011. The total profit of the banking system declined for the year by 17.3% to 90.18 million manat.

In the first nine months of this year there were 33 profitable banks, whose total net income amounted to 183.40 million AZN. Loss of 10 loss-making banks totaled 93.57 million manat. Compared to the same period in 2011, the number of profitable banks increased one unit. The number of unprofitable banks decreased by two units, and the total amount of their losses increased 4.8 times. - 15B -