BAKU, Azerbaijan, May 19
By Eldar Janashvili - Trend:
Azerbaijan's Kapital Bank ranked first in terms of net profit in the country, as of 1Q2020, as the bank’s net profit amounted to 74.9 million manat ($44 million) while total income and expenses - 154.9 million manat ($91 million) and 107.4 million manat ($63 million), respectively, the audit report data said.
The International Bank of Azerbaijan with a total net profit worth 51.05 million manat ($30.02 million) and total income and expenses worth 139 million manat ($81 million) and 63.4 million manat ($37.3 million), respectively, ranked second.
As of April 1, Xalq Bank earned 9.04 million manat ($5.3 million). The bank with income and expenses worth 35.4 million manat ($20.8 million) and 16.4 million manat ($9.6 million), respectively, ranked third.
The total profit of the three mentioned banks reaches 135 million manat ($79.4 million), which makes almost 80 percent of the entire profit in the country's banking sector. More than half of the entire bank income and 42.3 percent of the entire bank expenses account for three leading banks.
In general, the total profit of Azerbaijani banks reaches 170 million manat ($100 million) while the volume of income and expenses - 650 million manat ($382 million) and 442.2 million manat ($260 million), respectively.
The full ranking of Azerbaijani banks in terms of net profit and total expenses and income for the first quarter of 2020 is as follows:
|
Banks |
Volume of net profit (manat) |
Volume of total income (manat) |
Volume of total expenses |
|
|
Kapital Bank |
74.9 million manat ($44.05 million) |
154.9 million manat ($91.1 million) |
107.4 million manat ($63.2 million) |
|
|
International Bank |
51.04 million manat ($30.02 million) |
139.01 million manat ($81.8 million) |
63.4 million manat ($ 37.3 million) |
|
|
Xalq Bank |
9.04 million manat ($5.3 million) |
35.4 million manat ($20.8 million) |
16.4 million manat ($ 9.6 million) |
|
|
UniBank |
6.3 million manat ($ 3.7 million) |
28.3 million manat ($16.6 million) |
24.4 million manat ($ 14.3 million) |
|
|
Premium Bank |
6.05 million manat ($3.5 million) |
8.8 million manat ($5.2 million) |
11.9 million manat ($7 million) |
|
|
Expressbank |
5.8 million manat ($ 3.4 million) |
13.9 million manat ($8.2 million) |
11.9 million manat ($7 million) |
|
|
Pasha Bank |
3.5 million manat ($2.05 million) |
76.7 million manat ($ 45.1 million) |
51.05 million manat ($30.02 million) |
|
|
Bank Respublika |
2.9 million manat ($1.7 million) |
27.3 million manat ($16.05 million) |
22.2 million manat ($13.05 million) |
|
|
AFB Bank |
2.5 million manat ($1.5 million) |
9.6 million manat ($5.6 million) |
4.9 million manat ($2.9 million) |
|
|
AccessBank |
2.5 million manat ($1.5 million) |
28.3 million manat ($16.6 million) |
26.7 million manat ($15.7 million) |
|
|
AzersenayeBank |
2.2 million manat ($ 1.3 million) |
9.2 million manat ($5.4 million) |
7.2 million manat ($4.2 million) |
|
|
Nakhichivan Bank |
2.2 million manat ($1.3 million) |
3.9 million manat ($2.3 million) |
1.4 million manat ($823 million) |
|
|
Bank of Baku |
1.9 million manat ($1.1 million) |
16.1 million manat ($9.5 million) |
13.1 million manat ($7.7 million) |
|
|
VTB Bank |
1.4 million manat ($823 million) |
1.4 million manat ($823 million) |
4.7 million manat ($2.8 million) |
|
|
Rabita Bank |
1.1 million manat ($647 million) |
14.7 million manat ($8.6 million) |
10.5 million manat ($6.2 million) |
|
|
Gunay Bank |
1.07 million manat ($629 million) |
5.8 million manat ($3.4 million) |
4.06 million manat ($2.4 million) |
|
|
BTB Bank |
762,000 manat ($448,235) |
7.9 million manat ($4.6 million) |
7.05 million manat ($4.1 million) |
|
|
Turan Bank |
645,000 manat ($379,411) |
10.2 million manat ($6 million) |
9.6 million manat ($5.6 million) |
|
|
ZiraatBank |
612,160 manat ($360,094) |
5.6 million manat ($3.3 million) |
3.4 million manat ($2 million) |
|
|
Azer–Turk Bank |
376,000 manat ($221,176) |
11.1 million manat ($6.5 million) |
3.9 million manat ($2.3 million) |
|
|
Bank Melli Iran |
234,170 manat ($137,747) |
702,570 manat ($413,276) |
61,640 manat manat ($36,258) |
|
|
Avrasiya Bank |
145,180 manat ($85,400) |
3.1 million manat ($1.8 million) |
1.6 million manat ($941 million) |
|
|
Pakistan Bank |
-134,620 manat ($79,188) |
58,030 manat ($34,135) |
195,370 manat ($114,923) |
|
|
YapikrediBank |
-656,350 manat ($386,088) |
10.7 million manat ($6.3 million) |
7.04 million manat ($4.1 million) |
|
|
Mugan Bank |
-1.3 million manat ($764 million) |
11.8 million manat ($6.9 million) |
12.4 million manat ($7.3 million) |
|
|
Yelo Bank |
-6.2 million manat ($3.6 million) |
14.8 million manat ($8.7 million) |
15.4 million manat ($9.05 million) |
|
|
Total |
169.02 million manat ($ 99.4 million) |
649.7 million manat ($382 million) |
|
All calculations were indicated without reporting data of AtaBank, Amrahbank, NBC Bank and AG Bank due to their liquidation.
