BAKU, Azerbaijan, October 17. The International Bank of Azerbaijan (IBA) hit the ground running, clinching the top spot by total assets among Azerbaijan's banks in the first half of 2024, Trend reports.
According to the IBA's financial report, total assets totaled 13.4 billion manat ($7.8 billion) for the reporting period.
Kapital Bank ranked second, with total assets of 10.2 billion
manat ($5.99 billion).
PASHA Bank is third with total assets of 8.5 billion manat ($4.99
billion), followed by Xalq Bank in fourth with 2.9 billion manat
($1.7 billion) and Bank Respublika in fifth with 2.1 billion manat
($1.23 billion).
The leading three banks' total assets totaled 32.2 billion manat
($18.9 billion), accounting for 72.69 percent of the total
aggregate assets of 10 banks in Azerbaijan (44.4 billion manat, or
$26.1 billion) and 63.51 percent of the total aggregate assets of
all banks in Azerbaijan (50.8 billion manat, or $29.8 billion).
Ranking of banks in Azerbaijan by total assets:
| Banks | Assets | |
| 1 | International Bank of Azerbaijan (ABB) | 13.4 billion manat ($7.8 billion) |
| 2 | Kapital Bank | 10.2 billion manat ($5.9 billion) |
| 3 | PASHA Bank | 8.57 billion manat ($5 billion) |
| 4 | Xalq Bank | 2.94 billion manat ($1.72 billion) |
| 5 | Bank Respublika | 2.15 billion manat ($1.26 billion) |
| 6 | UniBank | 1.71 billion manat ($1 billion) |
| 7 | Azer-Turk Bank | 1.54 billion manat ($905 million) |
| 8 | Access Bank | 1.46 billion manat ($858 million) |
| 9 | Yelo Bank | 1.17 billion manat ($688 million) |
| 10 | Rabita Bank | 1.12 billion manat ($658 million) |
| 11 | Bank of Baku | 919.5 million manat ($540.7 million) |
| 12 | Turan Bank | 851.5 million manat ($500.7 million) |
| 13 | ZiraatBank | 804.9 million manat ($473.3 million) |
| 14 | AzersenayeBank | 745 million manat ($438.1 million) |
| 15 | Premium Bank | 650.9 million manat ($382.8 million) |
| 16 | Expressbank | 573.6 million manat ($337.3 million) |
| 17 | YapikrediBank | 570.8 million manat ($335.7 million) |
| 18 | BTB Bank | 368.2 million manat ($216.5 million) |
| 19 | AFB Bank | 312.9 million manat ($184 million) |
| 20 | VTB Bank | 299.1 million manat ($175.9 million) |
| 21 | Avrasiya Bank | 204.7 million manat ($120.3 million) |
| 22 | Bank Melli Iran | 118.2 million manat ($69.5 million) |
