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 -
Economics
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The Baku Small and Medium Business (SME) House and the Miniboss Business School have signed a memorandum of understanding aimed at developing entrepreneurial skills among children, the Small and Medium Business Development Agency (KOBIA) reported on Monday.
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In 2025, Azerbaijan's information security and digital infrastructure remain under pressure, as experts highlight the absence of a National Internet Exchange Point (IXP). Osman Gunduz, head of the NGO Multimediya, has renewed calls for the Information and Communication Technologies Agency (İKTA) to spearhead the creation of a Milli İnternet Mübadilə Mərkəzi (National Internet Exchange Centre) in collaboration with key local providers Azertelecom, Delta Telecom, AzTelekom, and global industry leaders.
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On the night of January 13-14, several flights bound for Baku from Istanbul, Moscow, and Tel Aviv were diverted to Ganja International Airport due to thick fog at Baku's Heydar Aliyev International Airport.
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Azerbaijan's Cabinet of Ministers approved a new sanitary-protection zone spanning 289.5 hectares for the Dashalti State Nature Reserve on Sunday, in a move aimed at strengthening environmental protection measures. The decision, signed by Prime Minister Ali Asadov, aligns with national legislation on protected areas and implements provisions of a 2014 presidential decree amending the law on "Specially Protected Natural Areas and Objects."
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