BAKU, Azerbaijan, Aug.12
By Eldar Janashvili - Trend:
The International Bank of Azerbaijan (IBA) ranked first in terms of total assets in Azerbaijan in the first half of 2020, Trend reports.
According to the bank’s financial statement, the IBA’s total assets made up over 8.4 billion manat ($4.9 billion).
The second position in the ranking was held by Kapital Bank with a total volume of total assets of 4.87 billion manat ($2.86 billion).
PASHA Bank ranked third with total assets in the amount of 4.83 billion manat ($2.84 billion).
The total volume of assets of the first three banks is over 18.1 billion manat ($10.6 billion), which is slightly more than half (59.5 percent) of the total volume of total banks assets in Azerbaijan.
Below is the ranking of top-15 Azerbaijani banks in terms of total assets for 1H2020:
|
Bank name |
Total liability volume |
|
International Bank of Azerbaijan |
8.4 billion manat ($4.9 billion) |
|
Kapital Bank |
4.87 billion manat ($2.86 billion) |
|
Pasha Bank |
4.83 billion manat ($2.84 billion) |
|
Xalq Bank |
2.1 billion manat ($1.2 billion) |
|
Bank Respublika |
1 billion manat ($588.2 million) |
|
Rabita Bank |
926 million manat ($544.7 million) |
|
AzerSenayeBank |
924 million manat ($543.5 million) |
|
AccessBank |
851.1 million manat ($500.6 million) |
|
UniBank |
714.7 million manat ($420.4 million) |
|
Mugan Bank |
670.8 million manat ($394.5 million) |
|
AFB Bank |
591.8 million manat ($348.1 million) |
|
Premium Bank |
573.3 million manat ($337.2 million) |
|
Turan Bank |
522.5 million manat ($307.3 million) |
|
Yelo Bank |
461.5 million manat ($271.4 million) |
|
Bank of Baku |
379.2 million manat ($223 million) |
|
Total |
28 billion manat ($16.4 billion) |
The total volume of assets of the top-15 Azerbaijani banks amounted to 28 billion manat ($16.4 billion), while the average volume – 1.8 billion manat ($1.06 billion).
(1 USD= 1.7 manat on Aug.12)
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