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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The Central Bank of Azerbaijan has published the statistical bulletin on the results of 2024.
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The Central Bank of Azerbaijan has published a review of securities on the results of 2024.
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In January 2025, Azerbaijani banks purchased foreign currency worth $498.8 at auctions held jointly by the Central Bank and the State Oil Fund.This was reported by the Central Bank.
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