News Column

Azerbaijan : BANKING SYSTEM keeps expanded rate of generation of PROFIT

May 5, 2014

The rate of generation of profit has been extended by the banking system, which it reached last year.

The profit of the banking system has reached AZN 108.54 million in the 1st quarter of 2014 that was equivalent to 31.8% of the record level for 2013. Sector s net profit for the quarter totaled AZN 99.56 million or 37.2% of the figure for 2013.

The sector s pretax profit for 2014 would be AZN 434.16 million and net profit AZN 398.24 million in case this trend keeps.

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Source: TendersInfo (India)

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