BAKU, Azerbaijan, April 30. According to Trend’s ranking, the share of the total assets of three banks (the International Bank of Azerbaijan, PASHA Bank and Kapital Bank) compiled about half of the total volume of assets of the entire banking sector.
The total volume of assets of the first three banks amounted to 27.9 billion manat ($16.4 billion), or 74.22 percent of the total total assets of 10 banks of Azerbaijan (37.7 billion manat or $22.1 billion), or 62.4 percent of the total total assets of all banks of Azerbaijan (44.8 billion manat or $26.3 billion).
The overall volume of the assets of the first 10 banks accounted for 84.08 percent of the total assets of all banks in Azerbaijan.
Ranking of Azerbaijani banks in terms of total assets for the first quarter of 2023:
|
Banks |
Total assets |
|
|
1 |
International Bank of Azerbaijan |
11.5 billion manat ($6.7 billion) |
|
2 |
PASHA Bank |
8.6 billion manat ($5 billion) |
|
3 |
Kapital Bank |
7.7 billion manat ($4.5 billion) |
|
4 |
Xalq Bank |
2.7 billion manat ($1.5 billion) |
|
5 |
Bank Respublika |
1.6 billion manat ($9.4 million) |
|
6 |
Unibank |
1.4 billion manat ($8.2 million) |
|
7 |
AccessBank |
1.2 billion manat ($7 million) |
|
8 |
Rabitabank |
924.3 million manat ($543.7 million) |
|
9 |
Azer-Turk Bank |
913.2 million manat ($537.1 million) |
|
10 |
Yelo Bank |
830.3 million manat ($488.4 million) |
|
11 |
Mugan Bank |
739.8 million manat ($435.1 million) |
|
12 |
Bank of Baku |
736.1 million manat ($432.9 million) |
|
13 |
Azerbaijan Industry Bank |
718.7 million manat ($422.7 million) |
|
14 |
Premium Bank |
700.9 million manat ($412.2 million) |
|
15 |
ZiraatBank |
617.4 million manat ($363.1 million) |
|
16 |
YapikrediBank |
485.5 million manat ($285.5 million) |
|
17 |
Expressbank |
440.6 million manat ($259.1 million) |
|
18 |
BTB Bank |
376.3 million manat ($221.3 million) |
|
19 |
Nakhichivan Bank |
313.8 million manat ($184.5 million) |
|
20 |
AFB Bank |
290.4 million manat ($170.8 million) |
|
21 |
Gunay Bank |
274.2 million manat ($161.2 million) |
|
22 |
VTB Bank |
248.07 million manat ($145.9 million) |
|
23 |
Avrasiya Bank |
219.8 million manat ($129.2 million) |
|
24 |
Bank Melli Iran |
102.3 million manat ($60.1 million) |
According to the Central Bank of Azerbaijan, the net profit of the banking sector as of March 31, 2023, increased by 94 million manat ($55.2 million), or 54.05 percent compared to the same period in 2022 - from 173.9 million ($102 million) to 267.9 million manat ($157.5 million).
