Banks earned 313 million manats of net profit in 1st quarter

Azerbaijani banks made net profit in the 1st quarter of 2024 in the amount of 312.86 million manats.

banks.az reports that this is evidenced by the figures provided by the banks.

Thus, the net profit of the banking sector amounted to 44.96 million manats. This means an increase in manats or 17%.

From January to March 2023, banks acquired net profit of 267.9 million manats.

The five banks concentrated 75% of the net profit of the entire banking sector in their hands, and the registered five banks received a total of 236.18 million manats of net profit.