24.Nov .2021 19:00

Azerbaijan’s Banking Sector Sees 19% Rise in Net Profit

Azerbaijan’s Banking Sector Sees 19% Rise in Net Profit
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In January-October 2021, the net profit of the Azerbaijan-based banks stood at 570.1 million manats (US$335.3 mln), 19.3% more than a year earlier, the Central Bank of Azerbaijan (CBA) told Report.

As of November 1, 2021, the assets of the banking sector in Azerbaijan stood at 34,963.6 million manats (US$20.6 bln), up 13.95% from the previous year, Report informs, citing the Central Bank of Azerbaijan (CBA).