BAKU, Azerbaijan, August 1.
The International Bank of Azerbaijan took first place in terms of total assets among Azerbaijani banks, according to the results of the first quarter of 2023, Trend reports.
According to the bank's financial report, the volume of the total assets for the reporting period amounted to 11.7 billion manat ($6.9 billion).
PASHA Bank took the second spot with a total of 8.4 billion manat ($4.9 billion). Kapital Bank is in third place with total assets of 7.9 billion manat ($4.6 billion).
The total assets of the first three banks amounted to 28 billion manat ($16.4 billion), or 74.9 percent of the total assets of the 10 banks of Azerbaijan (37.5 billion manat, or $22.1 billion).
TOP 10 banks of Azerbaijan in terms of total assets for the first quarter of 2023:
|
Banks |
Total assets |
|
|
1 |
International Bank of Azerbaijan |
11.7 billion manat ($6.8 billion) |
|
2 |
PASHA Bank |
8.3 billion manat ($4.8 billion) |
|
3 |
Kapital Bank |
7.9 billion manat ($4.6 billion) |
|
4 |
Xalq Bank |
2.8 billion manat ($1.6 billion) |
|
5 |
Bank Respublika |
1.7 billion manat ($1 billion) |
|
6 |
Unibank |
1.5 billion manat ($882.3 million) |
|
7 |
AccessBank |
1.3 billion manat ($764.7 million) |
|
8 |
Rabitabank |
1 billion manat ($588.2 million) |
|
9 |
Turanbank |
929.9 million manat ($547 million) |
|
10 |
Azer-Turk Bank |
849.8 million manat ($499.9 million) |
According to the Central Bank of Azerbaijan, the net profit of the banking sector as of June 30, 2023, increased by 41 percent to 563.3 million manat ($331.4 million).
The total assets of the banks amounted to over 45.2 billion manat ($26.6) in Azerbaijan on July 1, 2023.