Modern.az

Banks' net profit by nearly 6% INCREASED

Banks' net profit by nearly 6% INCREASED

Economy

Today, 16:22

In January-February 2026, banks earned a net profit of 189.7 million manats and an operating profit of 301.2 million  manats.

Modern.az reports, citing the Central Bank of Azerbaijan, that this is 5.75% more compared to the same period last year.

It is reported that during the 2 months, banks' operating income amounted to 1 billion 167.7 million manats (10.4% more), operating expenses to 851.3 million manats (10% more), allocations to special reserves to 79.2 million manats (29.8% more), other income to 0.1 million manats (not present a year ago), and profit tax payments to 47.7 million manats (9.4% more).

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