There are only four unprofitable banks

Banks of Azerbaijan until 1 May 2013 gave customers 11 billion 887.3 million manat loans (+11.3% YTD), equivalent to 62.6% of total banking assets - previously The Central Bank reported that this figure has increased in January-April, with 17 billion 643.4 million to 18 billion 979.8 million manat.

In the structure of the banking system assets share investments amounted to 1 billion 604 million or 8.4% (+0.2%), banks' correspondent accounts - 1 billion 308.9 million or 6.9% of assets (minus 9.4%), the proportion of cash - 766.7 million manat or 4% (+9.4%). The share of loans and deposits of the financial sector is 3.5% of total assets, or 669 million manats (minus 3.9%), other assets are 2 billion 743.8 million or 14.5% (+8.8%).

In the structure of liabilities the largest share is bank liabilities - 85.7% of the total mass, or 16 billion 265.1 million manat (+7.8% YTD). The share of bank capital is 14.3%, or 2 billion 714.6 million manat (6.2%).

Cumulative net profit of banks is equal to 113.49 million manat (+38.1% compared to the same period last year). Almost all banks (39 of the existing 43) completed the January-April at a profit (+3 compared to May 1, 2012). The amount of losses of the remaining four banks is 7.48 million manat.

As of May 1, 2013 a license to operate had 43 banks, according to the CBA. - 17D-