Azerbaijan Central Bank’s net loss reached 308.7 million manat

Azerbaijan Central Bank’s net loss reached 308.7 million manat KPMG Azerbaijan completed the audit for Central Bank of Azerbaijan’s (CBA) 2014 performance. According to the audit report, the bank has reported a sharp increase in CBA activity losses. The report has underlined that , the net loss of the CBA over the past year reached 308.734 million manat versus net profit of 280.57 million manat for 2013. As a result, Bank’s retained profit of 31.47 million manat for 2013... Read More