Azerbaijan's banks earn over 910M manats profit in nine months

In January–September 2025, Azerbaijan's banking sector recorded a net profit of 910.7 million manats, Report informs, citing the Central Bank of Azerbaijan (CBA).

During the nine months, banks' operating income amounted to 5.0456 billion manats, up 22.9% year-on-year. Operating expenses reached 3.6287 billion manats, marking a 29.6% increase. Allocations to special reserves totaled 291.8 million manats, slightly higher-by 0.8%-than a year earlier.

Unexpected income dropped significantly to 0.2 million manats, which is 23 times less than last year"s figure, while profit tax payments rose by 12.5%, reaching 214.5 million manats.

For reference, 1 Azerbaijani manat ≈ $0.59 as of October 28.