Azerbaijan sees 22% growth in banking sector's net profit

Azerbaijan's banking sector made a net profit of 832.9 million manats ($789.94 million) in January-September of this year (+21.9%), Report informs, citing the Central Bank of Azerbaijan.

During the nine months, the sector's operating income amounted to 3,570.9 million manats ($2.1 billion) (+26.3%), operating expenses to 2,303.7 million manats (nearly $1.36 billion) (+27.1%), loan loss provision made up 220.6 million manats ($129.76 million) (+27.2%), windfall gains stood at 0.9 million manats ($0.53 million) and profit tax payments accounted for 214.7 million manats ($126.29 million) (+36.75%).