BAKU, Azerbaijan, July 24. Kapital Bank has taken first place among Azerbaijani banks by revenue volume in the first half of 2024, Trend reports.
According to the financial report, the volume of Kapital Bank's revenues for the reporting period amounted to 666.4 million manat ($392 million).
International Bank of Azerbaijan (IBA) took the second position in the ranking with a total revenue of 583.7 million manat ($343 million).
PASHA Bank ranked third with a total revenue of 377.7 million manat ($222 million), while UniBank ranked fourth with 167.9 million manat ($98.7 million), followed by Bank Respublika with 129.2 million manat ($76 million).
The total revenue of the top three banks amounted to 1.62 billion manat ($950 million), which is 67.57 percent of the total revenue of 10 banks in Azerbaijan (2.4 billion manat, or $1.4 billion), or 59.1 percent of the total revenue of all banks in the country (2.75 billion manat, or $1.62 billion).
Ranking of Azerbaijani banks by income volume for the first half of 2024:
|
Banks |
Total revenues |
|
|
1 |
Kapital Bank |
666.4 million manat ($392 million) |
|
2 |
International Bank of Azerbaijan |
583.7 million manat ($343 million) |
|
3 |
PASHA Bank |
377.7 million manat ($222 million) |
|
4 |
UniBank |
167.9 million manat ($98.7 million) |
|
5 |
Bank Respublika |
129.2 million manat ($76 million) |
|
6 |
AccessBank |
116.39 million manat ($68.46 million) |
|
7 |
Yelo Bank |
95.4 million manat ($56 million) |
|
8 |
Xalq Bank |
111 million manat ($65 million) |
|
9 |
Rabita Bank |
80.38 million manat ($47 million) |
|
10 |
Bank of Baku |
80.89 million manat ($47.58 million) |
|
11 |
Azer-Turk Bank |
67.97 million manat ($39.98 million) |
|
12 |
Turan Bank |
52 million manat ($30.6 million) |
|
13 |
Expressbank |
41.96 million manat ($24.68 million) |
|
14 |
Yapi Kredi Bank |
32.67 million manat ($19 million) |
|
15 |
Ziraat Bank |
32 million manat ($18.8 million) |
|
16 |
Azersenaye Bank |
24.8 million manat ($14.6 million) |
|
17 |
Premium Bank |
23.9 million manat ($14 million) |
|
18 |
VTB Bank |
21.15 million manat ($12.4 million) |
|
19 |
BTB Bank |
17.97 million manat ($10.57 million) |
|
20 |
AFB Bank |
14.66 million manat ($8.6 million) |
|
21 |
Avrasiya Bank |
8.4 million manat ($4.9 million) |
|
22 |
Bank Melli Iran |
7.49 million manat ($4.4 million) |