Azerbaijani banking sector's net profit up by 33%

Azerbaijan's banking sector made a net profit of 655.3 million manats ($385.47 million) in January-July of this year (+33%), Report informs, citing the Central Bank of Azerbaijan.

During the seven months, banks' operating income amounted to 2.714 billion manats ($1.6 billion) (+27.35%), operating expenses to 1.749 billion manats ($1.03 billion) (+28.4%), loan loss provision made up 146.7 million manats ($86.29 million) (-9.45%), windfall gains stood at 0.4 million manats ($0.24 million) and profit tax payments accounted for 163.4 million manats ($96.12 million) (+43.2%).