Banks get income of AZN 278 million from investment securities

12:09 - 29.09.2023

September 29, Fineko/ For the past 8 months the banks in Azerbaijan received income from securities portfolio in the amount of AZN 278.3 million.

ABC.AZ reports that compared with Jan-Aug 2022, banks’ interest income increased by AZN 82.1 million, or 42%.

Over Jan-Aug 2023, the banks had securities portfolio for AZN 7.622 billion (23% more than last year).

However, its share in foreign currency declined by 12% versus Jan-Aug 2022 to the equivalent of AZN 2.978 billion.


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