Azerbaijani banks earned AZN 914 million of net profit for 10 months
The Central Bank of Azerbaijan has published a banking review on the results of January-October 2024.
According to the document, local banks earned a net profit of AZN 913.7 million for 10 months, which is up by 0.6% from the same period of the last year.
In the reporting period, banks gained AZN 3,242 million of interest income, AZN 1,365.3 million of non-interest income, AZN4.5 million of unexpected income; incurred AZN 969.4 million of interest expenses, AZN 2,189.8 million of non-interest expenses; created a special reserve for overdue loans in the amount of AZN 325 million, and paid AZN 213.9 million of income tax.
Finance
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State Social Security Fund under Ministry of Labor and Social Protection of Population (SSSF) saved more than AZN 1 billion in 9 months by preventing frauds
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Officials of the National Deposit Centre (NDC) held a meeting with representatives of the US 'Bank of New York Mellon'.This is reported by the NDC.
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The State Maritime and Port Agency under the Ministry of Digital Development and Transport holds an open tender for voluntary health insurance for 268 employees.
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The Central Bank of Azerbaijan (CBA) has approved the ‘Rules of Credit Risk Management in Non-Bank Credit Organisations’.
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