OREANDA-NEWS. April 30, 2009. The Central Bank (NB) of Azerbaijan has reported of domestic banks’ overall net profit of USD 100.7 million (exchange rate: AZN 0.8052 to the US dollar) as of 1st April 2009 versus USD 99.367 million as of 1st March, USD 68.563 million as of 1st February and USD 307.154 million (exchange rate: AZN 0.801 to the US dollar) as of 1st January 2009.

The NB informs that before taxation Azerbaijani banks’ overall net profit reached AZN 80.88 million for Jan-Mar 2009 versus AZN 80.01 million by 1st March, AZN 55.31 million by 1st February and AZN 246.03 million by 1st January 2009.

Simultaneously 37 banks had AZN 87.07 million of net profit while nine banks had AZN 7.4 million of losses as of 1st April 2009, versus 38 banks’ net profit of AZN 85.57 million and eight banks’ losses of AZN 6.59 million as of 1st March 2009, 35 banks’ net profit of AZN 62.56 million and 11 banks’ losses of AZN 8.03 million as of 1st February and 38 banks’ net profit of AZN 192.08 million and eight banks’ losses of AZN 7.4 million as of 1st January 2009.

As of 1st April 2009 banking sector’s undistributed profit totaled AZN 79.66 million against 78.98 million as of 1st March 2009, AZN 54.53 million as of 1st February 2009, and AZN 184.68 million by 1st January 2009.

By 1st April 2009, domestic banks’ net interest profit totaled AZN 142.89 million and net interest loss AZN 37.72 million.

For 2008 domestic banks’ net interest profit totaled AZN 532.74 million versus AZN 309.76 million in 2007 while net interest lost was AZN 73.92 million and AZN 28.81 million respectively.