Azerbaijani banking sector's net profit up by about 45%

Azerbaijan's banking sector made a net profit of 155.7 million manats ($91.59 million) in January-February of this year (+44.6%), Report informs, citing the Central Bank of Azerbaijan.

During the two months, banks' operating income amounted to 727.5 million manats ($428 million) (+35%), operating expenses to 464.4 million ($273.2 million) manats (+26.1%), allocations to special reserves made up 63.1 million ($37.2 million) manats (+89.5%), and profit tax payments stood at 44.2 million ($26 million) manats (+49.8%).