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Azerbaijan-based banks see threefold increase in net profit
Finance
- 24 October, 2019
- 10:37
In January-September 2019, Azerbaijan-based banks’ net profit amounted to AZN 522.7 million, up 3.05-fold from previous year.
Report informs citing Financial Markets Supervisory Authority (FIMSA) that the operating incomes rose by 15.1% to AZN 1,935,100,000, operating expenditures went up 6% to AZN 1,242,700,000, allocations for special reserves slid 56.75% to AZN 135.7 million, other incomes grew by 17.8-fold to AZN 21.4 million, profit tax ascended by 2.2-fold to AZN 55.4 million.
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