16:19 - 14.11.2023

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November 14, Fineko/abc.az. The operating profit of 17 out of the 24 banks operating in Azerbaijan for Jan-Sept 2023 was higher against Jan-Sept 2022.

ABC.AZ reports that among them are BTB Bank, Yelo Bank, Unibank, Azer-Turk Bank, Xalq Bank, Bank Respublika, PASHA Bank, Ziraat Bank Azerbaycan, Azerbaijan International Bank, VTB Bank Azerbaijan, Rabitabank, Bank Avrasiya, Turan Bank, Azerbaijan Industrial Bank and Express Bank, Access Bank CJSC and Yapı Kredi Bank Azerbaycan. The highest dynamics was recorded on BTB Bank (3.3-fold) and the lowest on Express Bank (2.4%).

The operating profit of six banks decreased – Nakhchivan Bank OJSC, Kapital Bank, Bank of Baku, Premium Bank and AFB Bank, the Baku branch of the National Bank of Iran. The largest decrease was recorded on AFB Bank (42.5%) and the smallest on Nakhchivan Bank (4.5%).

One bank — Mugan Bank completed 9 months of this year with operating loss, and last year — with operating profit. Therefore, it was not possible to calculate the dynamics of the operating profit/loss of this bank.