Net profit of Azerbaijan's banking sector up nearly 6%

In January–February of 2026, Azerbaijan's banking sector earned a net profit of 189.7 million manats (approximately $111.6 million), marking a 5.75% increase year-on-year, Report informs, citing the Central Bank of Azerbaijan (CBA).

During the two months, banks' operating income amounted to nearly 1.168 billion manats (roughly $687 million), which is 10.4% more than a year earlier. Operating expenses reached 851.3 million manats (just over $500.7 million), showing a 10% increase.

At the same time, allocations to special reserves totaled 79.2 million manats (approximately $46.6 million), up by 29.8%. Other income stood at 0.1 million manats ($58,823), while profit tax payments amounted to 47.7 million manats (just over $28 million), reflecting a 9.4% rise.