BAKU, Azerbaijan, January 19. According to the results of 2023, the International Bank of Azerbaijan ranked first in terms of total capital among the banks of Azerbaijan, Trend reports.
According to the bank's financial report, the total aggregate capital during the reporting period was 1.6 billion manat ($987 million).
Kapital Bank ranked second, with a total aggregate capital of 907.6 million manat ($533.2 million).
Pasha Bank is third with total capital of 870.7 million manat ($511.7 million), Xalq Bank is fourth with 498.1 million manat ($292.7 million), and Bank Respublika completes the top five with 174.3 million manat ($102.4 million).
The total capital of the first three banks amounts to 3.454 billion manat ($2 billion), or 70.91 percent of the total capital of 10 banks in Azerbaijan (4.87 billion manat ($2.8 billion)), or 58.25 percent of the total capital of all banks in Azerbaijan (5.93 billion manat ($3.5 billion)).
Ranking of Azerbaijan banks by total capital:
1 International Bank 1.6 billion manat ($987 million)
2 Kapital Bank 907.6 million manat ($533.3 million)
3 Pasha Bank 870.7 million manat ($511.7 million)
4 Xalq Bank 498.163 million manat ($292.7 million)
5 Bank Respublika 174.3 million manat ($102.4 million)
6 Premium Bank 170.9 million manat ($100.4 million)
7 UniBank 161.11 million manat ($94.6 million)
8 AccessBank 143.5 million manat ($84.3 million)
9 Bank of Baku 140.8 million manat ($82.7 million)
10 Expressbank 127.8 million manat ($75.1 million)
11 Rabita Bank 113.2 million manat ($66.5 million)
12 ZiraatBank 112 million manat ($65.8 million)
13 AzersenayeBank 111.6 million manat ($65.6 million)
14 YapikrediBank 88.1 million manat ($51.8 million)
15 Turan Bank 85.6 million manat ($50.3 million)
16 VTB Bank 83.6 million manat ($49.1 million)
17 Avrasiya Bank 79.2 million manat ($46.5 million)
18 AFB Bank 78.8 million manat ($46.3 million)
19 Azer-Turk Bank 78.5 million manat ($46.1 million)
20 Yelo Bank 61.377 million manat ($36 million)
21 Nakhichivan Bank 58 million manat ($34 million)
22 Bank Melli Iran 57.893 million manat ($34 million)
23 BTB Bank 50,977 million manat ($29,9 million)
Stay up to date with more news on Trend News Agency's WhatsApp channel
