Domestic banks` profitability has grown - profit amounted to about AZN 600 million


February 17, Fineko/abc.az. The banking sector of Azerbaijan received the net profit of AZN 536.9 million.

ABC.AZ informs with reference to the Central Bank's report that this is equal to 1.64% of local banks’ assets in the amount of AZN 32.722 bn as of 1 January 2019.

In 2018 the country’s banking sector received net profit of AZN 279.4 million or 0.95% of assets for AZN 29.5 bn, which it owned on 1 January 2019. The return on the sector's assets grew by 0.69%.