BAKU, Azerbaijan, July 23. Following the results of the first half of 2024, the International Bank of Azerbaijan ranked first in terms of deposit portfolio among the banks of Azerbaijan, Trend reports.
According to the bank's financial report, its deposit portfolio in the reporting period amounted to 9.2 billion manat ($5.4 billion).
The second position was occupied by Kapital Bank, with a deposit portfolio of 7.6 billion manat ($4.4 billion).
PASHA Bank came in third with a deposit portfolio of 6.5 billion manat ($3.8 billion), Xalq Bank ranked fourth with 2.1 billion manat ($1.2 billion), and Bank Respublika closed the top five with 1.4 billion manat ($823 million).
The aggregate volume of the deposit portfolio of the first three banks amounts to 23.3 billion manat ($13.7 billion), or 73.74 percent of the total deposit portfolio of 10 banks in Azerbaijan (31.6 billion manat ($18.5 billion)), or 66.44 percent of the total deposit portfolio of all banks in Azerbaijan (35.1 billion manat ($20.6 billion)).
Ranking of Azerbaijani banks by deposit portfolio volume:
| Banks | Deposit portfolio | |
| 1 | International Bank | 9.2 billion manat ($5.4 billion) |
| 2 | Kapital Bank | 7.6 billion manat ($4.4 billion) |
| 3 | Pasha Bank | 6.5 billion manat ($3.8 billion) |
| 4 | Xalq Bank | 2.1 billion manat ($1.2 billion) |
| 5 | Bank Respublika | 1.4 billion manat ($823 million) |
| 6 | Uni Bank | 1.2 billion manat ($705 million) |
| 7 | Access Bank | 1 billion manat ($588 million) |
| 8 | Azer–Turk Bank | 891.7 million manat ($524.5 million) |
| 9 | Yelo Bank | 807.7 million manat ($475.1 million) |
| 10 | Rabita Bank | 697 million manat ($410 million) |
| 11 | Bank of Baku | 580.3 million manat ($341.3 million) |
| 12 | Ziraat Bank | 532.4 million manat ($313.1 million) |
| 13 | Turan Bank | 454.2 million manat ($267.1 million) |
| 14 | Azersenaye Bank | 435.4 million manat ($256.1 million) |
| 15 | Premium Bank | 387.9 million manat ($228.1 million) |
| 16 | Yapikredi Bank | 373.8 million manat ($219.8 million) |
| 17 | Express bank | 218.3 million manat ($128.4 million) |
| 18 | BTB Bank | 148.6 million manat ($87.4 million) |
| 19 | AFB Bank | 141.6 million manat ($83.3 million) |
| 20 | VTB Bank | 110.3 million manat ($64.8 million) |
| 21 | Avrasiya Bank | 62 million manat ($36.4 million manat) |
| 22 | Bank Melli Iran | 35.6 million manat ($20.9 million manat) |
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