BAKU, Azerbaijan, Oct.29
By Leman Zeynalova - Trend:
Yelo Bank ranked first among Azerbaijani banks, in terms of authorized capital, in the third quarter of 2021, Trend reports referring to the financial report of the bank.
The authorized capital of the Yelo Bank amounted to 378 million manat ($222.3 million).
Xalq Bank ranked second with the authorized capital of 364.77 million manat ($214.57 million).
Pasha Bank ranked third with the authorized capital of 354.51 million manat ($208.54 million).
The total authorized capital of the first three banks in the ranking exceeded 1.09 billion manat ($640 million), which is 31.9 percent of the total authorized capital of all banks in Azerbaijan (3.43 billion manat or $2.02 billion).
TOP-10 banks in Azerbaijan by volume of authorized capital in the third quarter of 2021:
|
Banks |
Authorized capital |
|
Yelo Bank |
378 million manat ($222.3 million) |
|
Xalq Bank |
364.77 million manat ($214.57 million) |
|
Pasha Bank |
354.51 million manat ($208.54 million) |
|
VTB Bank |
315.8 million manat ($185.7 million) |
|
AccessBank |
258.7 million manat ($152.1 million) |
|
Kapital Bank |
245.8 million manat ($144.5 million) |
|
Premium Bank |
154.6 million manat ($90.9 million) |
|
UniBank |
125.6 million manat ($73.8 million) |
|
Expressbank |
112.5 million manat ($66.1 million) |
|
Mugan Bank |
107.5 million manat ($63.2 million) |
The total authorized capital of the 10 leading banks in Azerbaijan amounted to over 2.4 billion manat ($1.4 billion). The average authorized capital of the first 10 banks equaled 241.79 million manat ($142.23 million).
(1 USD = 1.7 AZN on Oct.29)
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Follow the author on Twitter: @Lyaman_Zeyn
