Azerbaijan's banks gained more than AZN 1 billion in net profit last year

The Central Bank of Azerbaijan has released its banking review for 2023. The document says that last year the local banks gained AZN 1,076.4 million of net profit, which is up by 17.7% from a year earlier. In the reviewed period, the banks received AZN3,492.9 million of interest income, AZN1,368.2 million of non-interest income, AZN2.7 million of unexpected income, incurred AZN839.4 million of interest expenses, AZN2,335.7 million of non-in...

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