OREANDA-NEWS. September 18, 2009. The Central Bank  of Azerbaijan (CBA) has reported of domestic banks’ overall net profit of US 201.541 million (exchange rate: AZN 0.8043 to the US dollar) as of 1st August of the year versus US 194.827 million as of 1st July (AZN 0.8042 to the US dollar), US 173.55 million as of 1st June (AZN 0.8035 to the US dollar), US 143.559 million as of 1st May (AZN 0.8035 to the US dollar), US 100.734 million as of 1st April (AZN 0.8052 to the US dollar) and US 307.154 million (AZN 0.801 to the US dollar) as of 1st January 2009.

CBA informs that before taxation Azerbaijani banks’ overall net profit reached AZN 162.1 million versus 146.13 million by 1st July, AZN 139.45 million by 1st June, AZN 115.35 million by 1st May, AZN 80.88 million by 1st April, AZN 80.01 million by 1st March, AZN 55.31 million by 1st February and AZN 246.03 million by 1st January 2009.

Over reported period, simultaneously 39 banks had AZN 171.01 million of net profit while 7 banks had AZN 8.91 million of losses versus 39 banks had AZN 154.16 million of net profit while 7 banks had AZN 8.03 million of losses as of 1st July 2009, 38 banks with net profit of AZN 137.4 million and 8 banks with losses of AZN 8.44 million as of 1st June, 39 banks with net profit of AZN 112.63 million and 7 banks with losses of AZN 7.77 million as of 1st May 2009, 37 banks with net profit of AZN 87.07 million and 9 banks with losses of AZN 7.4 million as of 1st April, 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 August 2009 banking sector’s undistributed profit totaled AZN 162.1 million against AZN 146.13 million as of 1st July, 128.97 million as of 1st June, AZN 104.86 million as of 1st May, 79.66 million as of 1st April 2009, 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 August no data was presented but by 1st July 2009, domestic banks’ net interest profit totaled AZN 287.2 million and net interest loss AZN 84.08 million.

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