Net profit of banking sector grew more than by 16% in 3 months

15:50 - 25.04.2024


April 25, Fineko/abc.az. Over Jan-Mar 2024, the banking sector of Azerbaijan received net profit of 311.5 million manats.

ABC.AZ reports with reference to the CBA that the figure is 16.3% more versus Jan-Mar 2023.

Over the first quarter, banks' operating income reached 1.354 bn manats (22.8% more against Jan-Mar 2023), operating expenses - 892 million manats (28.6%), transfers to special reserves - 79.7 million manats (8.6%). more), other income - 1.7 million manats (17-fold more), income tax payments - 72.9 million manats (6.6% more).