Net profit of Azerbaijan’s Central Bank down 24%

The Central Bank of Azerbaijan (CBA) finished last year with a net profit of 52.485 million manats ($30.8 million), Report informs referring to the financial statements of the organization.

This is 24.1 percent less than in 2019.

Last year, the Central Bank’s interest income amounted to 169.251 million manats ($99.6 million), which is 26.9 percent less than a year earlier, while interest expenses stood at 149.127 million manats ($87.7 million), a 36.4 percent decrease in annual comparison.