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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Today Azerbaijan takes part in the 26th annual meeting of the Black Sea Trade and Development Bank (BSTDB), which is held in Istanbul, Turkey. This was reported by the Ministry of Finance.
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A delegation of the Organisation for Economic Co-operation and Development (OECD) headed by Director General of the UK's Public Investment Organisation Charles Donald is on a visit to Azerbaijan.
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From January to November 2024, the total turnover of the 12 investment member companies of the Baku Stock Exchange (BSE) amounted to about AZN 93.25 billion.This is reported by the BSE.
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'Howden Specialty Luxembourg, S.ά.r.L’ and 'Volante (DIFC)' of the United Arab Emirates (UAE) have been included in the register of foreign insurers, reinsurers and insurance brokers of the Central Bank of Azerbaijan (CBA).
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