Azerbaijan’s non-bank credit institutions report 2.55-fold increase in net profit
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Non-bank credit institutions in Azerbaijan reported a combined net profit of 153.4 million manats from January to September. This figure represents a 2.55-fold increase over the same period last year. Data from the Central Bank of Azerbaijan confirms this growth in profitability. The report also notes an increase in operating revenues for the sector.
Azerbaijan’s non-bank credit institutions (NBCIs) recorded a combined net profit of 153.4 million manats in January-September this year, marking a 2.55-fold increase compared with the same period last year. According to the Central Bank of Azerbaijan, the sector’s operating revenues reached...