BAKU, Azerbaijan, January 19. According to the results of 2023, the International Bank of Azerbaijan took the first spot among the banks of Azerbaijan in terms of loan portfolio volume, Trend reports.
Based on the bank's financial report, the size of its loan portfolio in the reporting period amounted to 5.04 billion manat ($2.9 billion).
The second position in the ranking was occupied by Kapital Bank, with a loan portfolio of 4.2 billion manat ($2.4 billion).
PASHA Bank is in third place with a loan portfolio of 2.8 billion manat ($1.6 billion), Xalq Bank is in fourth place with 1.8 billion manat ($1 billion), and Bank Respublika is in fifth place with 1.1 billion manat ($640 million).
The aggregate loan portfolio of the first three banks amounts to 12.1 billion manat ($7.1 billion), or 62.78 percent of the total loan portfolio of 10 banks in Azerbaijan (19.3 billion manat ($11.3 billion)), or 52.47 percent of the total volume of all banks in Azerbaijan (23.1 billion manat ($13.6 billion)).
Ranking of Azerbaijani banks by loan portfolio volume:
Banks Loan Portfolio
1. International Bank 5 billion manat ($2.9 billion)
2. Kapital Bank 4.2 billion manat ($2.5 billion)
3. Pasha Bank 2.8 billion manat ($1.6 billion)
4. Xalq Bank 1.8 billion manat ($1 billion)
5. Bank Respublika 1.1 billion manat ($687 million)
6. UniBank 1 billion manat ($617 million)
7. AccessBank 1 billion manat ($593 million)
8. Yelo Bank 764.3 million manat ($449 million)
9. Rabita Bank 721.1 million manat ($423.8 million)
10. Bank of Baku 659 million manat ($387.3 million)
11. Turan Bank 629.3 million manat ($369.7 million)
12. Premium Bank 471.8 million manat ($277.2 million)
13. Azer-Turk Bank 447.3 million manat ($262.8 million)
14. Expressbank 409.2 million manat ($240.5 million)
15. ZiraatBank 390.9 million manat ($229.7 million)
16. YapikrediBank 291.7 million manat ($171.4 million)
17. BTB Bank 268.6 million manat ($157.8 million)
18. AzersenayeBank 256.4 million manat ($150.7 million)
19.VTB Bank 187.1 million manat ($109.9 million)
20. AFB Bank 180 million manat ($105.7 million)
21. Avrasiya Bank 137.1 million manat ($80.6 million)
22. Nakhichivan Bank 130.718 million manat ($76.8 million)
23. Bank Melli Iran 4,078 million manat ($2.3 million)
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