8 banks ended the year with profit


January 24, Fineko/abc.az. Nine out of 26 banks operating in Azerbaijan published the financial indicators for 2021.

ABC.AZ reports that out of nine banks that published their financial indicators, eight ones completed last year with net profit and one bank with net loss.

Other banks are also expected to release their financial figures for 2021 by the end of January.

Azerbaijan's banking sector completed 2021 with net profit of AZN 609 million, 2020 with net profit of AZN 567.8 million.

Compared to 2020, the net profit of the banking sector increased by AZN 41.2 million, or 7.2% last year.