BAKU, Azerbaijan, January 19. According to the results of 2023, Kapital Bank took first place in terms of expenditures among Azerbaijani banks, Trend reports.
Based on the financial report, the volume of the bank's expenses for the reporting period amounted to 759.6 million manat ($446.2 million).
The second position in the ranking was taken by the International Bank of Azerbaijan, with total expenditures of 530.4 million manat ($311.7 million).
In third place is PASHA Bank with 364.7 million manat ($214.3 million); in fourth place is Uni Bank with 236.9 million manat ($139.2 million); and in fifth place is Bank Respublika with 178.3 million manat ($104.8 million).
The total expenditures of the first three banks amount to 1.6 billion manat ($970 million), or 61.55 percent of the total expenditures of 10 banks in Azerbaijan (2.688 billion manat ($1.6 billion)), or 52.3 percent of the total expenditures of all banks in Azerbaijan (3.164 billion manat).
Ranking of Azerbaijani banks by volume of expenditures:
Banks Total expenses
1 Kapital Bank 759.5 million manat ($446.3 million)
2 International Bank 530.4 million manat ($311.7 million)
3 Pasha Bank 364.7 million manat ($214.3 million)
4 UniBank 236.9 million manat ($139.2 million)
5 Bank Respublika 178.3 million manat ($104.8 million)
6 AccessBank 156.5 million manat ($91.9 million)
7 Rabita Bank 118.4 million manat ($69.5 million)
8 Bank of Baku 114.6 million manat ($67.3 million)
9 Yelo Bank 114.4 million manat ($67.3 million)
10 Xalq Bank 114.3 million manat ($67.1 million)
11 Turan Bank 80.4 million manat ($47.2 million)
12 Azer-Turk Bank 69.2 million manat ($40.7 million)
13 Expressbank 58. million manat ($34.1 million)
14 YapikrediBank 42.9 million manat ($25.2 million)
15 Premium Bank 42.1 million manat ($24.7 million)
16 AzersenayeBank 39.2 million manat ($23 million)
17 ZiraatBank 33 million manat ($19.3 million)
18 BTB Bank 31.7 million manat ($18.6 million)
19 VTB Bank 30.1 million manat ($17.7 million0
20 AFB Bank 23.7 million manat ($13.9 million)
21 Nakhichivan Bank 12.9 million manat ($7.6 million)
22 Avrasiya Bank 11.5 million manat ($6.7 million)
23 Bank Melli Iran 135,970 manat ($79,897)
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