PremiumLargest volume of aggregate capital falls on four Azerbaijani banks

BAKU, Azerbaijan, Nov. 12

By Zeyni Jafarov – Trend:

The International Bank of Azerbaijan took the first place in terms of aggregate capital in Azerbaijan for 3Q2020, Trend reports.

The total capital of the bank amounted to 1.21 billion manats ($712 million), and the volume of investments accounted for 102.7 million manats ($60.4 million), the report says.

The second position in the rating was taken by Kapital Bank, with a total aggregate capital of 549 million manats ($323 million) and an investment volume of 9.85 million manats ($5.8 million).

Pasha Bank holds the third place with a capital of 491.4 million manats ($289 million) as of early October.

The total volume of the aggregate capital of Azerbaijani banks reaches 4.4 billion manats ($2.59 billion), and the volume of investments up to 475.1 million manats ($269 million).

The full rating of Azerbaijani banks in terms of total capital and investments for the third quarter of 2020 is provided below:

---

Follow the author on Twitter:@jafarov_zeyni