BAKU, Azerbaijan, July 27. Financial indicators of Azerbaijani banks have been disclosed for the first half of 2023, Trend reports.
According to the Central Bank of Azerbaijan (CBA), as many as 22 banks completed their activities with a net profit from January through June 2023:
|
Banks |
Net profit |
|
|
International Bank of Azerbaijan |
164.3 million ($96.6 million) |
|
|
Kapital Bank |
146.6 million ($86.2 million) |
|
|
PASHA Bank |
97.1 million ($57.1 million) |
|
|
Xalq Bank |
37.9 million ($22.2 million) |
|
|
AccessBank |
19.4 million ($11.4 million) |
|
|
Bank Respublika |
17.5 million ($10.2 million) |
|
|
Bank of Baku |
17.4 million ($10.2 million) |
|
|
Rabitabank |
10.3 million ($6 million) |
|
|
Unibank |
9.2 million ($5.4 million) |
|
|
Yelo Bank |
8.7 million ($5.1 million) |
|
|
Nakhchivan Bank |
8.7 million ($5.1 million) |
|
|
Azer-Turk-Bank (ATB) |
7.1 million ($4.1 million) |
|
|
ExpressBank |
6.3 million ($3.7 million) |
|
|
Bank VTB (Azerbaijan) |
5.7 million ($3.3 million) |
|
|
AFB Bank |
5.4 million ($3.1 million) |
|
|
Premium Bank |
5.1 million ($2.9 million) |
|
|
ZiraatBank Azerbaijan |
4.1 million ($2.4 million) |
|
|
YapiKrediBank |
3.6 million ($2.1 million) |
|
|
Bank Avrasiya |
2.2 million ($1.2 million) |
|
|
Melli Iran Bank |
2 million ($1.17 million) |
|
|
Azerbaijan Industry Bank |
1.9 million ($1.11 million) |
|
|
Bank BTB |
309,000 ($181,764) |
|
|
Muganbank |
- |
|
|
Turanbank |
- |
Muganbank and Turanbank will announce their financial indicators by the end of July.
Net profit of Azerbaijani banks amounted to 563.3 million manat ($331.3 million), operating profit amounted to 772.3 million manat ($454.2 million), in the first half of 2023. The net and operating profit of banks increased by 41 and 26 percent, respectively, compared to the same period last year.