BAKU, Azerbaijan, July 24. The International Bank of Azerbaijan (IBA) ranked first in terms of authorized capital among the local banks in the first half of 2024, Trend reports.
According to the financial report, the IBA's authorized capital volume for the reporting period amounted to 1.22 billion manat ($720 million).
The second position in the rating was taken by Yelo Bank, with total authorized capital amounting to 378 million manat ($222.2 million).
Xalq Bank ranked third with 364.7 million manat ($214.4 million) of authorized capital, PASHA Bank came fourth with 354.5 million manat ($208.4 million), and VTB Bank closed the top five with 315.8 million manat ($185.6 million).
The total amount of the top three banks' authorized capital is 1.9 billion manat ($1.1 billion), or 54.98 percent of the total authorized capital of 10 banks in Azerbaijan (3.5 billion manat or $2 billion), or 44.23 percent of the total amount of all banks in Azerbaijan (4.4 billion manat or $2.5 billion).
Ranking of Azerbaijani banks by authorized capital volume:
|
Banks |
Authorized capital |
|
|
1 |
International Bank |
1.22 million manat ($720 million) |
|
2 |
Yelo Bank |
378 million manat ($222.2 million) |
|
3 |
Xalq Bank |
364.7 million manat ($214.4 million) |
|
4 |
PASHA Bank |
354.5 million manat ($208.4 million) |
|
5 |
VTB Bank |
315.8 million manat ($185.6 million) |
|
6 |
AccessBank |
270.1 million manat ($158.7 million) |
|
7 |
Kapital Bank |
265.8 million manat ($156.2 million) |
|
8 |
Premium Bank |
154.6 million manat ($90.8 million) |
|
9 |
Uni Bank |
138.2 million manat ($81.2 million) |
|
10 |
Express Bank |
112.5 million manat ($66.1 million) |
|
11 |
Rabita Bank |
101.3 million manat ($59.5 million) |
|
12 |
Turan Bank |
80 million manat ($47 million) |
|
13 |
Bank Respublika |
73.9 million manat ($43.4 million) |
|
14 |
Bank Melli Iran |
73.6 million manat ($43.2 million) |
|
15 |
Avrasiya Bank |
71.8 million manat ($42.2 million) |
|
16 |
AFB Bank |
71.4 million manat ($41.9 million) |
|
17 |
BTB Bank |
70.3 million manat ($41.3 million) |
|
18 |
Ziraat Bank |
65.5 million manat ($38.5 million) |
|
19 |
Azersenaye Bank |
60 million manat ($35.2 million) |
|
20 |
Yapi Kredi Bank |
55.3 million manat ($32.5 million) |
|
21 |
Bank of Baku |
52.8 million manat ($31 million) |
|
22 |
Azer-Turk Bank |
50 million manat ($29.3 million) |